Godrej Properties’ Q1 profit drops 42% as sales bookings rise 22% to ₹8,651 crore
Godrej Properties reported Q1 net profit of ₹349.38 crore, down from ₹598.40 crore a year earlier, while sales bookings climbed 22% year-on-year. The developer sold 3,738 units spanning 6.2 million sq ft and is targeting more than ₹39,000 crore in annual bookings.
Godrej Properties reported a 42% year-on-year fall in Q1 profit to ₹349.38 crore as income declined, while sales bookings rose 22% to ₹8,651 crore. The company targets over ₹39,000 crore in annual bookings and ₹9,000 crore in operating cash flow.
Why this matters
The results reinforce Godrej Properties’ recent Q1 pattern: bookings reached ₹8,651 crore and rose 22%, while profit declined 42% year-on-year.
Retail-company signals are accelerating, up +200714% QoQ.