Godrej Properties Ltd (BOM:533150) Q4 2025 Earnings Call Highlights: Record Booking Values and ...

In This Article:

  • Booking Value (Q4 FY25): INR10,163 crore, up 87% quarter-on-quarter and 7% year-on-year.

  • Full Year Booking Value (FY25): INR29,444 crore, a year-on-year growth of 31%.

  • Customer Collections (Q4 FY25): INR6,961 crore, up 48% year-on-year and 127% quarter-on-quarter.

  • Full Year Customer Collections (FY25): INR17,047 crore, a year-on-year growth of 49%.

  • Operating Cash Flow (Q4 FY25): INR4,047 crore, up 559% quarter-on-quarter and 55% year-on-year.

  • Full Year Operating Cash Flow (FY25): INR7,484 crore, a year-on-year growth of 73%.

  • Total Income (Q4 FY25): INR2,646 crore, increased by 36%.

  • EBITDA (Q4 FY25): INR634 crore, declined by 2%.

  • Net Profit (Q4 FY25): INR382 crore, declined by 19%.

  • Total Income (FY25): INR6,848 crore, increased by 57%.

  • EBITDA (FY25): INR1,970 crore, increased by 65%.

  • Net Profit (FY25): INR1,400 crore, increased by 93%.

  • New Projects Added (FY25): 14 projects with an estimated saleable area of 19 million square feet.

  • Project Deliveries (FY25): 18.4 million square feet across five cities, a year-on-year growth of 47%.

Release Date: May 02, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

  • Godrej Properties Ltd (BOM:533150) achieved its highest ever quarterly booking value of INR10,163 crore in Q4 FY25, marking a 7% year-on-year growth.

  • The company reported a record full-year booking value of INR29,444 crore, a 31% increase year-on-year, achieving 109% of its guidance.

  • Customer collections in Q4 FY25 grew by 48% year-on-year to INR6,961 crore, contributing to a full-year collection of INR17,047 crore, a 49% increase.

  • Operating cash flow for FY25 reached INR7,484 crore, a 73% year-on-year growth, marking the highest ever by any real estate developer in India.

  • Godrej Properties Ltd (BOM:533150) added 14 new projects with an estimated saleable area of 19 million square feet, achieving 132% of its annual guidance for business development.

Negative Points

  • EBITDA for Q4 FY25 declined by 2% to INR634 crore, and net profit decreased by 19% to INR382 crore.

  • The company provided a conservative guidance for FY26, aiming for a 20% growth over FY25, which some analysts perceive as guarded.

  • There are delays in launching key projects like Ashok Vihar and Bandra, which could impact future sales targets.

  • The imputed EBIT margins slightly declined from 26.8% to 26.2% despite higher economic interest on presales.

  • Concerns were raised about the potential increase in construction costs and how it might affect future cash flows and profitability.