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News: Godrej Properties Q1 Profit Falls 42%, Bookings Rise 22%-04-08-2026

Godrej Properties on Tuesday reported a consolidated net profit of Rs 349.38 crore for the quarter ended June, 42 per cent lower than the Rs 598.40 crore earned a year earlier, on lower income, PTI reported.

A regulatory filing showed total income fell to Rs 1,345.04 crore from Rs 1,620.34 crore.

Sales bookings, however, grew 22 per cent to Rs 8,651 crore in the April-June quarter of 2026-27. The company sold 3,738 units covering 6.2 million sq ft. It was the 6th consecutive quarter with booking value above Rs 7,000 crore.

Pirojsha Godrej, Executive Chairperson, said he expects sales momentum to continue through the year on strong end-user demand. He expressed confidence in achieving bookings of over Rs 39,000 crore and collections of Rs 24,000 crore for the year, which would generate about Rs 9,000 crore in operating cash flow.

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