Godrej Properties Q2 Net Profit Falls 64% to ₹145.47 Crore.

Revenue and sales bookings remain strong, with quarterly booking value reaching ₹8,008 crore despite a sharp decline in profitability.   Godrej Properties Ltd (GPL) reported a 63.9% year-on-year decline in consolidated net profit after tax to ₹145.47 crore in Q2 FY27, compared with ₹402.99 crore in the corresponding quarter last year. Despite the profit decline, consolidated total income rose 31.9% to ₹2,571.73 crore from ₹1,950.05 crore. The company recorded a booking value of ₹8,008 crore through the sale of 3,658 units covering 6.2 million sq ft. Collections increased 31% to ₹5,318 crore, while operating cash flow rose 33% to ₹1,584 crore. For H1 FY27, booking value reached ₹16,659 crore, up 7% year-on-year, while net profit declined 50.6% to ₹494.85 crore. The company added four projects with a combined saleable area of 9.1 million sq ft and an estimated booking potential of ₹15,500 crore. Godrej Properties expects collections of ₹15,000 crore and operating cash flow of ₹7,000 crore in H2 FY27.