Mumbai, India — February 6, 2026
Leading real estate developer Godrej Properties on Friday reported a 23% year-on-year rise in net profit for the third quarter, supported by strong booking momentum, even as overall revenue declined during the period.
Q3 Financial Performance
For the October–December quarter, Godrej Properties posted a net profit of ₹193.87 crore, up from the corresponding quarter last year.
However, the company’s total income declined to ₹1,033.84 crore, compared with ₹1,239.97 crore in the same quarter a year earlier, reflecting timing differences in project execution and revenue recognition.
Management Commentary
Commenting on the results, Executive Chairman Pirojsha Godrej said the company delivered strong growth in bookings and operational performance, despite the moderation in reported revenue.
He noted that robust demand across key residential markets and steady project execution continue to support the company’s long-term growth outlook.
Outlook
Industry analysts say sustained housing demand, improving affordability, and strong pre-sales could help Godrej Properties maintain momentum in the coming quarters, even as revenue recognition may fluctuate due to the nature of real estate accounting.
