Overview
- Godrej Properties, which reported results Monday, said Q4 net profit rose about 70% year on year to Rs 649.9 crore.
- The developer logged its highest bookings with Rs 10,163 crore in Q4 and Rs 34,171 crore for FY26 from 17,513 homes spanning 27 million square feet.
- The board recommended a Rs 10 per-share dividend for FY26, which will take effect only after shareholder approval.
- Directors cleared up to Rs 3,000 crore of fundraising through privately placed bonds known as non-convertible debentures to support growth.
- Management highlighted record operating cash flow of Rs 7,830 crore and land additions worth about Rs 42,000 crore, while peer Sobha also posted stronger profits, signaling broad housing strength even as leaders stay alert to external shocks.