Slides
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Results Presentation First Quarter, Financial Year 2027
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Disclaimer Some of the statements in this communication may be 'forward looking statements' within the meaning of applicable laws and regulations. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company's operations include changes in industry structure, significant changes in political and economic environment in India and overseas, tax laws, import duties, litigation and labor relations
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Agenda Overview 01 Q1 FY27 Operational Highlights 02 Q1 FY27 Financial Highlights 03 Annexure 04 3 | Godrej Properties | Results Presentation Q1 FY27
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Godrej Industries Group 1. Godrej Group internal study | 2. The Brand Trust Report 2023 | 3. Interbrand study done in 2023 Value Creation Track Record Note: CAGR calculated for opening prices of 18th June, 2001 when GCPL and GIL were demerged and publicly listed 4 | Godrej Properties | Results Presentation Q1 FY27 Crafting tomorrow since 1897 $7 billion in annual sales Group companies’ combined market cap over $20 billion Over 1 billion people globally use a Godrej Industries Group product1 Amongst India’s most diversified and trusted conglomerates Real estate is the group’s largest business by sales Particulars 25-year CAGR in stock price ₹ 1 invested in June 2001 is now worth BSE Sensex 13% 23 Godrej Consumer Products 24% 204 Godrej Industries 27% 393
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Godrej Properties Legends: Total Developable Area (million sq. ft.): 258 No. of projects: 126 (As of Jun 30th, 2026) Chennai 6.2, 4 Kolkata 9.0, 5 Bengaluru 39.5, 21 Ahmedabad 24.3, 2 NCR 54.8, 33 Chandigarh 0.5, 1 Mumbai 57.2, 32 Pune 45.6, 16 Nagpur 5.7, 3 Hyderabad 11.0, 4 Indore 1.8, 2Vadodara 0.9, 1 Raipur 1.0, 1 Coimbatore 1.1, 1 5 | Godrej Properties | Results Presentation Q1 FY27 Crafting spaces that spark joy, one community, one family, one home at a time # Investors should not use the rating to make investment decisions as per SEBI guidelines India’s largest residential real estate developer by booking value, booking volume, and cash collections in both FY25 and FY26 Successfully delivered ~79 million sq. ft. of real estate since FY18 ~258 million sq. ft. of developable area across India Godrej Properties ranks #1 globally in the Real Estate and Management (REM) sector on the S&P Global’s Dow Jones Best in class indices for 2025# Ranked #1 globally with a score of 100/100 by the Global Real Estate Sustainability benchmark (GRESB) in 2025 500+ awards received in the last 5 years
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Strengths 1. Based on Godrej Group Internal Study | 2. Total saleable area under projects, irrespective of the revenue / profit / area sharing arrangement since FY18 | 3. Comparing BV to reported sales growth for all companies with sales of more than INR 10,000 crores in FY23 | 4. Investors should not use the rating to make investment decisions as per SEBI guidelines 6 | Godrej Properties | Results Presentation Q1 FY27 Godrej Brand • Over 1 billion people globally use a Godrej Industries Group product1 • GPL brings the Godrej brand’s reputation for trust, quality and corporate governance to the real estate sector Effective Land Sourcing Model • Competitive advantage in sourcing and executing outright/joint development projects with higher economic interest • Capital efficient and high ROE development model Strong Project Pipeline • Added 101 residential projects with ~195 million sq. ft. saleable area since FY182 • Development Management Agreement with Godrej & Boyce for its large Vikhroli landholding Sales and Execution Capability • India’s largest real estate developer by booking value, booking volume, and cash collections in both FY25 & FY26 • Fastest growing large company across sectors in FY243 • Successfully delivered ~79 million sq. ft. of real estate since FY18 Access to Capital • Confidence of capital markets demonstrated by sector leading stock performance since IPO • Largest QIP (INR 6,000 crores) ever in Indian real estate in December 2024 • Lowest bank funding rates in the sector Sustainability Leadership • Godrej Properties ranks #1 globally in the Real Estate and Management (REM) sector on the S&P Global’s Dow Jones Best in class indices for 20254 • Ranked #1 globally with a score of 100/100 by the Global Real Estate Sustainability benchmark (GRESB) in 2025 • Godrej Properties Limited has been included in the CDP - ‘A’ list in 2025 and also recognized as the supply chain leader in CDP’s Supplier Engagement Assessment (SEA). • GPL has received approval and validation from the SBTi on the near-term goals, long term and Net Zero Goals in Jan 2026. • Godrej Properties ranks #1 in the real estate sector for Business World’s Top Sustainable Companies in India • Godrej Properties was included in TIME World’s Most Sustainable Companies 2026 the only real estate company in India to feature on the list. • GPL committed to have all its projects certified as green buildings by credible green building rating systems like IGBC, LEED etc. in 2010. • GPL is proud to be a carbon Neutral organisation for Scope 1 & 2, water positive and a waste positive organisation by virtue of offsets.
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Strategic priorities GPL intends to deliver 20% ROE from FY28 while retaining market share leadership 4 Core Operating Priorities Superior Product Quality • Heavily committed to superior product design • 100% of GPL’s portfolio is certified or under certification for credible external green building rating systems • Ensuring robust construction quality under our Quality Management System (QMS) • Established Godrej Living, GPL’s community management arm to provide consistent post handover service Consistent Growth • FY26 is GPL’s 9th year in a row of booking value growth and 3rd consecutive year as India’s largest developer by booking value • CY25 was the first time GPL was #1 or #2 by booking value amongst listed players in each of the country’s 5 largest real estate markets • Steadily expanding presence in new micro-markets within core cities. • Testing new markets through plotted development projects - entered Indore, Panipat, Raipur, Baroda, and Coimbatore recently. Strong Execution • Best-in-class scalable execution ecosystem to enhance the speed of construction. • 54% increase YoY in construction and related outflow in Q1 FY27 • Enhanced supply chain & procurement • Expanding contractor mix and greater mix of Grade-A contractors • Industry leading initiatives to establish long term partnership with execution stakeholders, while enhancing innovation • Mobilizing labour strength through tech led initiatives. Robust Asset Management • Robust play book for critical decision making at product conceptualization stage for holistic asset management driving capital efficiency • Fast turnaround of projects. 51 (out of 52) projects acquired between FY21-FY25 are launched. 7 out of 18 projects acquired in FY26 also launched. • Institutionalized scalable real- time cost management culture for margin protection 7 | Godrej Properties | Results Presentation Q1 FY27
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BV of INR 40,000 Crores to be delivered and recognized in P&L by FY28* 8 | Godrej Properties | Results Presentation Q1 FY27 *Deliveries are dependent on receipt of regulatory approvals and can be delayed beyond initial expectations. Revenue recognition will be basis the respective project work completion, underlying business model, economic interest and accounting method. The list includes booking value for all structures excluding DM which are accounted for on accrual basis. >2X increase in scale of booking value recognition expected ~15,000 ~ 40,000 FY25-FY26 BV recognized in P&L FY27-FY28 expected BV recognition in P&L GPL’s economic Interest ~74% GPL’s economic Interest 85-90% Godrej Reserve, MMR 100% owned Godrej Zenith, Gurugram 100% owned Godrej Ananda, Bengaluru 49% profit share Godrej Woodscapes, Bengaluru 100% owned Godrej Jardinia, Noida 100% owned Godrej Tropical Isle, Noida 100% owned Godrej Riverine, Noida 100% owned Godrej Lakeside Orchard, Bengaluru 100% owned Godrej Horizon, MMR 100% owned Godrej Ascend, MMR 100% owned Godrej Evergreen Square, Pune 100% owned Godrej Avenue Eleven, MMR 50% profit share Major projects and phases expected to be delivered by FY28 Godrej Blue, Kolkata 100% owned Godrej MSR City, Bengaluru 50% profit share Godrej Aristocrat, Gurugram 100% owned
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GPL expects to deliver ~INR 20,000 crores of Operating cash flow between Q2 FY27 and Q4 FY28 GPL expects to deliver INR 52,000-55,000 crores of collections and INR 20,000-22,000 crores of OCF cumulatively for FY27 & FY28. This will enable GPL to be FCF positive by FY28. 9 | Godrej Properties | Results Presentation Q1 FY27 ~37,000 52,000-55,000 ~15,300 20,000 -22,000 FY25+FY26 FY27+FY28 (E) Collections OCF
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Stock performance An investment into GPL’s IPO would be worth ~5X an identical investment into the BSE Realty Index 10 | Godrej Properties | Results Presentation Q1 FY27 Value Creation Track Record Note: CAGR calculated for prices as on 4th January, 2010 (the date of GPL’s public listing) and 30th June, 2026 Particulars 16-year CAGR in stock price ₹ 1 invested in Jan 2010 is now worth BSE Sensex 9.3% 4.36 Godrej Properties 13.5% 8.12 BSE Realty 3.2% 1.67
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Agenda Overview 01 Q1 FY27 Operational Highlights 02 Q1 FY27 Financial Highlights 03 Annexure 04
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Q1 FY27 Highlights Booking value INR 8,651 crores ↑ 22% YoY 3,738 units | 6.2 million sq. ft. Bookings consistency 6th consecutive quarter >INR 7,000 crores 12th consecutive quarter >INR 5,000 crores Key Launches Godrej Vanantara (INR 3,237 crores) Godrej Samaris (INR 1,248 crores) Godrej Brooklyn Avenue (INR 317 crores) Collections INR 4,348 crores ↑ 18% YoY Operating Cashflow INR 399 crores Construction and related outflow ↑ 54% YoY Business Development 3 new projects Saleable Area – 8.0 million sq. ft. Expected BV – INR 9,500 crores Leasing ~35K sq.ft. net area Delivery ~0.9 million sq.ft. ESG/ CSR Highlight GPL was included in TIME World’s Most Sustainable Companies 2026 and was the only real estate company in India to feature on the list Awards GPL received Golden Peacock National Quality Award 2026 12 | Godrej Properties | Results Presentation Q1 FY27
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Sales highlights * Net of taxes and includes collections for DM Projects Strong response to new launches Strong momentum in sustenance sales 13 | Godrej Properties | Results Presentation Q1 FY27 Godrej Vanantara, Bengaluru INR 3,237 crores 2.99 million sq. ft. Godrej Samaris, Gurugram INR 1,248 crores 0.38 million sq. ft. Godrej Brooklyn Avenue, Hyderabad INR 317 crores 0.26 million sq. ft. Godrej Aveline, Bengaluru INR 521 crores 0.28 million sq. ft. Godrej Trilogy, MMR INR 376 crores 0.07 million sq. ft. Godrej Ivara, Pune INR 267 crores 0.25 million sq. ft. Godrej Reserve, MMR INR 250 crores 0.11 million sq. ft. Particulars Q1 FY27 Q1 FY26 Growth Q4 FY26 Growth FY26 Area Sold (million sq. ft.) 6.2 6.2 0% 7.3 -16% 27.0 Booking Value (INR Cr) 8,651 7,082 22% 10,163 -15% 34,171 Customer Collections* (INR Cr) 4,348 3,670 18% 7,947 -45% 19,965
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Sales highlights (contd.) Geographic distribution of sales for Q1 FY27 14 | Godrej Properties | Results Presentation Q1 FY27 City Booking Value (INR Crores) Area Sold (million sq. ft.) Units sold Bengaluru 3,798 3.3 1,886 MMR 1,805 0.8 655 NCR 1,538 0.6 201 Pune 939 0.9 677 Hyderabad 410 0.4 173 Others 161 0.2 146
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Sales by project details Notes: 1. Includes sales for the projects where GPL is the development manager | 2. Includes sale of retail area in certain projects | 3. Includes cancellations in certain projects 15 | Godrej Properties | Results Presentation Q1 FY27 Particulars Booking Area (mn. sq. ft.) Booking Value (INR Cr) Q1 FY27 Q1 FY27 Godrej Vanatara, Bengaluru 2.99 3,237 Godrej Samaris, Gurugram 0.38 1,248 Godrej Aveline, Bengaluru 0.28 521 Godrej Trilogy, MMR 0.07 376 Godrej Brooklyn Avenue, Hyderabad 0.26 317 Godrej Ivara, Pune 0.25 267 Godrej Reserve, MMR 0.11 250 Godrej Woodsville/ Gale/ Eden Estate/ Greenfront/ Aqua Retreat (MaanHinje), Pune 0.21 207 Godrej Elaris, Pune 0.14 162 Godrej City, MMR 0.12 143 Godrej Avenue Eleven, MMR 0.03 141 Godrej Skyshore, MMR 0.04 127 Godrej Varanya, MMR 0.07 118 Godrej Evergreen Square, Pune 0.13 118 Godrej Horizon, MMR 0.04 112 Godrej Nirvaan/ Upavan, MMR 0.13 111 Godrej Regal Pavilion, Hyderabad 0.11 98 Godrej Blue, Kolkata 0.07 98 Godrej Nurture, MMR 0.06 95 Godrej Arden, Gr. Noida 0.07 91 Godrej Vistas, MMR 0.03 82 Godrej Sky Terraces, MMR 0.03 76 Evora Estate, Panipat 0.05 75 Others 0.48 581 TOTAL 6.15 8,651
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9.0 5.2 4.1 7.5 6.2 7.1 6.4 7.3 6.2 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 (Million sq. ft.) Quarterly Sales Volume Quarterly sales trend Minimum quarterly booking value of INR 7,000 Crores in last 6 quarters Minimum quarterly volume of 6 million sq. ft. in last 6 quarters 16 | Godrej Properties | Results Presentation Q1 FY27 8,637 5,198 5,446 10,163 7,082 8,505 8,421 10,163 8,651 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 (INR cr) Quarterly Sales Value
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Business development Added 3 new projects with an estimated saleable area of ~8.0 million sq. ft. and expected booking value of INR 9,500 crore in Q1FY27 17 | Godrej Properties | Results Presentation Q1 FY27 Particulars Estimated saleable area (Million sq. ft.) Estimated booking value (INR Crores) Segment Business Model Greater Noida DMIC, NCR 5.78 7,000 Group Housing 100% owned Noida Sector 150, NCR 1.09 2,000 Group Housing 100% owned Chennai Plotted-2 (OMR) 1.18 500 Plotted 100% owned Total 8.05 9,500
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Construction highlights Delivered 0.9 million sq. ft. in Q1 FY27 Delivery represents receipt of occupancy certificate from competent authorities Godrej Palm Retreat, Noida | 0.91 million sq. ft.| GPL Economic Interest : DM fee – 13% of Revenue 18 | Godrej Properties | Results Presentation Q1 FY27
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FY27 guidance vs actual Particulars FY26 Actual FY27 Guidance FY27 YTD Actual Achievement (%) Updated Assessment* Launch value (INR Crore) 42,200 48,000 10,500 22% Booking Value (INR Crore) 34,171 39,000 8,651 22% Customer Collections (INR Crore) 19,965 24,000 4,348 18% Deliveries# (Million Sq. Ft.) 12.1 13.5 0.9 7% Business Development (by expected booking value) (INR Crore) 42,100 20,000 9,500 48% * Updated management assessment of initial FY27 guidance # Represents receipt of occupancy/ completion certificate from competent authorities 19 | Godrej Properties | Results Presentation Q1 FY27 Guidance Met On track to meet or exceed guidance Not on track to meet guidance
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Sustainability – ESG performance and CSR impact • Godrej Properties ranks #1 in Business World’s Top Sustainable companies in the real estate sector in 2026. • Godrej Properties was included in TIME World’s Most Sustainable Companies 2026, the only real estate company in India to feature on the list. • Awarded the IGBC Green Champion Award for Driving the Net Zero Building Movement in India. • Successfully renewed our ISO 14001:2015 certification, an internationally recognized standard for Environment Management System (EMS) across all our operations. • As of FY26, 100% of projects in reporting boundary are certified or under certification for credible external green building rating systems like IGBC and GRIHA. Milestone Achievements • GPL ranks #1 globally in Real Estate and Management (REM) sector on the S&P Global’s Dow Jones Best in class indices for 2025. • GPL has been recognized as the Global Sector Leader with #1 ranking globally in the Global Real Estate Sustainability Benchmark with a score of 100/100 for 2025, 5 star rating, and an A rating for its public disclosure. • Godrej Properties Limited has been included in the Leadership Index of CDP with an ‘A’ Rating in 2025 and also recognized as the supply chain leader in CDP’s Supplier Engagement Assessment (SEA). # • GPL remains a part of FTSE Good Index Series. • GPL has received an approval and validation from the Science Based Targets initiative (SBTi) on the near-term goals. GPL has also received an approval on its commitment to long term Net Zero goals by SBTi. ESG Ratings & Disclosures ESGCSR On-going CSR projects • Through integrated waste management initiatives in Nagpur, Panaji, Chikkaballapur, Doddaballapur, and Indore, GPL diverted 14,052 metric tonnes of waste from landfills in Q1 FY27, demonstrating a scalable and sustainable waste management model across diverse geographies. (In FY26 - Waste diversion achieved - 60,719 metric tonnes). • GPL supported 2,286 workers through BOCW and non-BOCW registrations, enabling access to government social security schemes and unlocking INR 2.27 crore in government welfare support. • Under the Crop Residue Management project, GPL identified 310 villages covering 76,078 households across Gurdaspur district in Q1 FY27 to deliver Information, Education and Communication (IEC) interventions aimed at preventing stubble burning across 40,000 hectares. Building on the impact achieved in FY26, the initiative avoided 9,858 tCO₂e emissions and prevented the burning of 1,30,880 tonnes of crop residue. # Investors should not use the rating to make investment decisions as per SEBI guidelines 20 | Godrej Properties | Results Presentation Q1 FY27
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Agenda Overview 01 Q1 FY27 Operational Highlights 02 Q1 FY27 Financial Highlights 03 Annexure 04 20 | Godrej Properties | Results Presentation Q1 FY27
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Consolidated financial statements – P&L Particulars Q1 FY27 Q1 FY26 % Change Q4 FY26 % Change FY26 Total Income 1,337 1,593 -16% 3,895 -66% 8,374 Adjusted EBITDA 557 925 -40% 1051 -47% 2957 EBITDA 545 915 -40% 959 -43% 2826 Profit before tax 480 861 -44% 871 -45% 2574 Net Profit after tax 350 600 -42% 650 -46% 1850 Notes: Total Income = Sales & Operating Income + Other Income + Share of profit/loss in Joint Venture Adjusted EBITDA = EBITDA + interest included in cost of sale EBITDA = PBT (before exceptional items) + Interest + Depreciation + Share of profit in Joint Venture PBT = PBT (before exceptional items) + share of profit in Joint Venture PAT = Net profit after minority interest Note: All Numbers as per Ind AS (INR Crores) Total Income for Q1 FY27 Particulars INR Cr Godrej Greenview Estate, Indore 64 Godrej Reserve, MMR 56 Godrej South Estate, NCR 51 Evora Estate, Panipat 39 Godrej Sunrise Estate, Chennai 21 Godrej Woodside Estate, MMR 19 Verdania Estate, Indore 17 Godrej Golfside Estate, MMR 17 Godrej Forest Estate, Nagpur 17 Others 206 Interest and other Income 839 Profit & Loss from Joint Venture -9 Total Income 1,337 Profit & Loss from Joint Ventures with Structuring Income Particulars INR Crs Profit & Loss for Joint Ventures as reported in P&L -9 Add: Structuring Income DM Fees from Joint Venture Projects 5 Net Interest Income from Joint Ventures Projects 60 Profit & Loss for Joint Ventures including Structuring Income 56 22 | Godrej Properties | Results Presentation Q1 FY27
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Cashflow statement (INR Crores) Notes Particulars Q1 FY27 A Operating cashflow Total operating cash inflow1 4,998 Operating cash outflow Construction & related outflow -2,244 Other project related outflow -2,355 Total operating cash outflow -4,599 Net operating cashflow 399 B Financial cashflow Interest, Corporate Taxes & Other Outflow -247 Net financial cashflow -247 C Capital cashflow Land, approval & capital outflow -1,211 Advance to JV Partners -135 Net capital cashflow -1,346 (A+B+C) Net cashflow -1,193 D Adjustment for JV projects2 -2 (A+B+C+D) Total net GPL cashflow -1,195 E Ind AS Adjustments -28 (A+B+C+D+E) (Increase) / Decrease in Net Debt under Ind AS -1,223 Notes: 1. Total operating cash inflow includes gross collection for DM projects and Other project related outflow includes JVP share of collection for DM projects | 2. Adjustment for JV projects represents mainly timing difference in cash collection from customers in respective project SPV and pending transfer to GPL due to non-Availability of RERA Limits and restrictions in respective agreements with JV partners whereby GPL cannot withdraw cash till particular milestones are achieved. 23 | Godrej Properties | Results Presentation Q1 FY27
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7.4 0.9 ~12.6 7,947 4,348 ~19,650 4,631 399 ~8,600 Q4 FY26 Q1 FY27 Balance 9M of FY27 (E) Operating cash flow to improve in rest of FY27 • Operating cash flow (OCF) will vary on a quarterly basis due to volatility in collections, which is dependent on bookings, construction progress and milestones achieved and deliveries, whereas outflows are largely evenly spread over the year with an increasing trend due to growing scale. • Q1 FY27 had deliveries of 0.9 million sq. ft. vis-à-vis 7.4 million sq. ft. in Q4 FY26. Consequently, collections reduced by INR 3,600 crores QoQ, while simultaneously the pace of construction has increased. Collections though continue to grow YoY and OCF will catch-up in rest of the year. • There was 54% increase in construction and related outflow on account of increase in pace of execution which is likely to be seen in deliveries in FY28. 1,458 2,244 Q1 FY26 Q1 FY27 Construction and related outflow ↑ 54% 24 | Godrej Properties | Results Presentation Q1 FY27 Deliveries (million sq. ft.) Collections (INR Crores) Operating Cash flow (INR Crores)
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Consolidated Balance Sheet (INR Crores) SN Particulars As on 30.06.2026 As on 31.03.2026 A ASSETS Unaudited Audited 1 Non-current Assets a Property, Plant and Equipment 1,329.82 1,280.73 b Right-of-Use Asset 252.44 263.32 c Capital Work-In-Progress 161.71 169.40 d Investment Property 148.14 150.51 e Goodwill on consolidation 0.07 0.07 f Other Intangible assets 13.07 13.72 g Intangible Assets under Development 2.74 2.61 h Equity accounted investees 627.31 625.62 i Financial Assets Other Investments 2,021.93 2,000.83 Trade Receivables 68.29 73.91 Loans 117.47 127.72 Other Non-Current Financial Assets 671.81 717.07 j Deferred Tax Assets (Net) 324.46 304.61 k Income Tax Assets (Net) 302.81 335.28 l Other Non-Current Non Financial Assets 16.85 10.75 Total Non-Current Assets 6,058.92 6,076.15 2 Current Assets a Inventories 61,171.73 57,806.91 b Financial Assets Investments 4,956.41 2,884.23 Trade Receivables 461.39 554.07 Cash and Cash Equivalents 1,485.54 1,860.74 Bank Balances Other than Above 4,302.84 3,857.08 Loans 2,145.64 2,108.35 Other Current Financial Assets 1,602.45 1,538.03 c Other Current Non Financial Assets 6,133.79 5,208.87 Total Current Assets 82,259.79 75,818.28 Total Assets 88,318.71 81,894.43 SN Particulars As on 30.06.2026 As on 31.03.2026 B Equity and Liabilities Unaudited Audited 1 Equity a Equity share capital 150.61 150.60 b Other equity 19,354.43 19,004.94 c Non-controlling interest 198.63 199.35 Total Equity 19,703.67 19,354.89 2 Liabilities 2.1 Non Current Liabilities a Financial Liabilities Borrowings 2,250.00 2,250.00 Lease Liabilities 226.71 234.74 Other Non - Current Financial Liabilities 21.09 17.04 b Provisions 72.67 70.62 c Deferred Tax Liabilities (Net) 564.82 442.03 Total Non-Current Liabilities 3,135.29 3,014.43 2.2 Current Liabilities a Financial Liabilities Borrowings 16,677.65 13,364.87 Lease Liabilities 46.28 44.48 Trade payables Total Outstanding Dues of Micro and Small Enterprises 858.00 1,002.74 Total Outstanding Dues of Creditors other than Micro and Small Enterprises 4,300.31 4,896.94 Other Current Financial Liabilities 766.15 951.26 b Other Current Non Financial Liabilities 42,704.49 39,087.42 c Provisions 55.03 51.63 d Current Tax Liabilities (Net) 71.84 125.77 Total Current Liabilities 65,479.75 59,525.11 Total Liabilities 68,615.04 62,539.54 Total Equity and Liabilities 88,318.71 81,894.43 (INR Crores) 25 | Godrej Properties | Results Presentation Q1 FY27
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Financial Analysis Profitability Indicators Particulars Q1 FY27 Q1 FY26 Q4 FY26 FY26 Adjusted EBITDA / Total Income % 41.7% 58.1% 27.0% 35.3% EBITDA / Total Income % 40.8% 57.5% 24.6% 33.7% PBT Margin % 35.9% 54.0% 22.4% 30.7% Net Profit Margin % 26.2% 37.7% 16.7% 22.1% Particulars As on 30th Jun 2026 As on 31st Mar 2026 As on 30th Jun 2025 Net Debt (INR Cr) 7,637 6,414 4,637 Networth (INR Cr) 19,505 19,156 17,913 Net Debt / Equity Ratio 0.39 0.33 0.26 Average Borrowing Cost (YTD) 7.15% 7.05% 7.70% Leverage Indicators Note: All Numbers as per Ind AS 26 | Godrej Properties | Results Presentation Q1 FY27
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Agenda Overview 01 Q1 FY27 Operational Highlights 02 Q1 FY27 Financial Highlights 03 Annexure 04 25 | Godrej Properties | Results Presentation Q1 FY27
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A. Residential Projects – Mumbai Zone 28 | Godrej Properties | Results Presentation Q1 FY27 As on 30th Jun 2026 SN Project Name Location Business Model Accounting Method Total Estimated Saleable Area (mn sq ft) GPL Share Area (mn sq ft) PTD Area Launched (mn sq ft) PTD Area Sold (mn sq ft) PTD Booking Value (INR Cr) PTD Collection (INR Cr) PTD OC Received (mn sq ft) 1 Godrej Emerald Mumbai Revenue Based – 64% (GPL holds 20% equity in the project specific company) Equity Method 1.32 1.32 1.32 1.29 1,151 1,115 1.32 2 Godrej Nurture Mumbai 100% owned project Line by Line Consolidation 1.27 1.27 0.86 0.39 629 200 - 3 Godrej Vihaa Mumbai DM Fee – 10% of Revenue Accrual Method 1.30 1.30 0.74 0.72 284 259 0.34 4 Godrej City Mumbai Profit Based – 71.07% Line by Line Consolidation 10.25 10.25 7.08 5.84 4,039 2,356 2.00 5 Godrej Golfside Estate Mumbai 100% owned project Line by Line Consolidation 0.41 0.41 0.41 0.40 342 315 0.41 6 Godrej Vistas Mumbai DM Fee – 10% of Revenue Accrual Method 0.62 0.62 0.62 0.52 1,251 669 - 7 G&B, Vikhroli Mumbai DM Fee – 10% of Revenue Accrual Method 1.20 1.20 - - - - - 8 Godrej Tranquil Mumbai DM Fee – 11% of Revenue Accrual Method 1.58 1.58 1.29 1.16 1,590 1,220 0.94 9 Godrej Edenwoods Mumbai Profit Based – 50% (from 85% of revenue for this project) Equity Method 0.03 0.03 0.03 - - - - 10 Bandra Mumbai Revenue Based – 60% Line by Line Consolidation 1.07 1.07 - - - - - 11 Godrej Bayview Mumbai Profit Share–60%; SPV to construct space for society in lieu of saleable area Equity Method 0.56 0.56 0.56 0.34 681 326 - 12 Godrej Exquisite Mumbai GPL holds 20% equity in the project specific company Equity Method 0.79 0.79 0.79 0.72 858 627 0.03 13 Godrej RKS Mumbai 100% owned project Line by Line Consolidation 0.38 0.38 0.38 0.34 857 828 0.38 14 Godrej Nirvaan Mumbai Profit Share - 50% Equity Method 2.84 2.42 1.45 1.32 891 714 1.45 15 Taloja Mumbai Profit Share - 55% Equity Method 7.50 7.50 - - - - - 16 Godrej Ascend Mumbai 100% owned project Line by Line Consolidation 1.68 1.65 1.65 1.41 1,667 1,046 0.01 17 Godrej Trilogy Mumbai Area Share - 73% Line by Line Consolidation 1.50 1.10 0.81 0.55 3,240 503 - 18 Godrej Five Gardens Mumbai GPL to construct space for society in lieu of saleable area Line by Line Consolidation 0.19 0.18 0.18 0.11 438 339 - 19 Godrej Riviera Mumbai 100% owned project Line by Line Consolidation 2.74 2.69 0.60 0.58 430 182 - 20 Godrej Eternal Palms Mumbai 100% owned project Line by Line Consolidation 0.45 0.45 0.45 0.29 602 158 - 21 Godrej Horizon Mumbai GPL to construct space for society in lieu of saleable area Line by Line Consolidation 1.73 1.70 1.70 1.31 3,034 2,079 - 22 Godrej Carmichael Mumbai 100% owned project Line by Line Consolidation 0.12 0.12 0.09 0.04 434 188 - 23 Godrej Country Estate, Palghar Mumbai 100% owned project Line by Line Consolidation 1.09 1.09 1.09 0.21 71 66 1.09 24 Godrej Reserve Mumbai 100% owned project Line by Line Consolidation 3.88 3.88 3.24 3.07 6,028 2,955 0.06 25 Godrej Avenue Eleven* Mumbai GPL owns 50% of equity in the project specific company Line by Line Consolidation 0.89 0.89 0.89 0.73 2,344 1,600 - 26 Godrej Hillview Estate Mumbai 100% owned project Line by Line Consolidation 1.79 1.79 1.79 1.77 705 694 1.79 27 Godrej Sky Terraces Mumbai 100% owned project Line by Line Consolidation 0.21 0.21 0.21 0.19 534 348 - 28 Godrej Woodside Estate Mumbai 100% owned project Line by Line Consolidation 1.76 1.76 1.76 1.67 738 682 1.76 29 Godrej Varanya (Kharghar) Mumbai 100% owned project Line by Line Consolidation 1.97 1.97 1.10 0.43 746 116 - 30 Godrej Skyshore Mumbai Revenue Share - 84% for ~86% of area Line by Line Consolidation 0.52 0.45 0.45 0.24 752 173 - 31 Thane Mumbai Revenue share - 74.5% Line by Line Consolidation 4.00 4.00 - - - - - 32 Godrej Greenview Estate Indore 100% owned project Line by Line Consolidation 1.16 1.16 1.16 0.99 507 335 1.16 33 Verdania Estate Indore 100% owned project Line by Line Consolidation 0.62 0.62 0.42 0.23 188 124 0.62 Total MMR Zone 57.43 56.41 33.12 26.88 35,034 20,216 13.35 *Total estimated saleable area represents GPL share of balance area to be sold
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A. Residential Projects – North Zone 29 | Godrej Properties | Results Presentation Q1 FY27 As on 30th Jun 2026 SN Project Name Location Business Model Accounting Method Total Estimated Saleable Area (mn sq ft) GPL Share Area (mn sq ft) PTD Area Launched (mn sq ft) PTD Area Sold (mn sq ft) PTD Booking Value (INR Cr) PTD Collection (INR Cr) PTD OC Received (mn sq ft) 1 Godrej 101 Gurugram Revenue Based – 66.66% Line by Line Consolidation 1.03 1.03 1.03 1.02 824 528 0.63 2 Godrej Icon Gurugram 100% owned project Line by Line Consolidation 0.80 0.80 0.68 0.66 457 449 0.66 3 Godrej Nature+ Gurugram 100% owned project Line by Line Consolidation 1.75 1.75 1.75 1.75 1,120 619 0.39 4 Godrej Air Gurugram Profit Share – 37.5% Equity Method 0.99 0.99 0.99 0.98 578 484 0.99 5 Godrej Meridien Gurugram GPL owns 20% equity in project specific company Equity Method 1.52 1.52 1.52 1.51 1,358 1,306 1.20 6 Godrej Habitat Gurugram Revenue Share – 95% Line by Line Consolidation 0.77 0.77 0.77 0.76 467 251 - 7 Godrej Zenith Gurugram 100% owned project Line by Line Consolidation 2.90 2.90 2.90 2.84 4,181 1,924 - 8 Godrej Aristocrat Gurugram 100% owned project, 2.4% area share to landowner Line by Line Consolidation 1.71 1.67 1.67 1.59 3,161 1,421 - 9 Godrej Vrikshya Gurugram 100% owned project Line by Line Consolidation 1.59 1.59 1.59 1.02 1,776 820 - 10 Godrej Miraya, GCR Gurugram 100% owned project Line by Line Consolidation 0.94 0.94 0.61 0.25 896 323 - 11 Godrej Astra, GCR Gurugram 100% owned project Line by Line Consolidation 0.56 0.56 0.51 0.47 1,477 379 - 12 Godrej Sora, GCR Gurugram 100% owned project Line by Line Consolidation 0.86 0.86 0.66 0.27 819 194 - 13 Godrej Alira Gurugram 100% owned project Line by Line Consolidation 0.37 0.37 0.37 0.12 286 75 - 14 Godrej Samaris, GCR (Sec-53 II)* Gurugram 100% owned project Line by Line Consolidation 1.78 1.78 0.93 0.38 1,248 73 - 15 Sector 63A* Gurugram 100% owned project Line by Line Consolidation 1.75 1.75 - - - - - 16 Godrej South Estate NCR 100% owned project Line by Line Consolidation 1.01 1.01 0.94 0.81 1,699 1,104 0.71 17 Ashok Vihar NCR 100% owned project Line by Line Consolidation 3.28 3.28 - - - - - 18 Godrej Connaught One NCR DM - 10% of Revenue & Profit Share - 50% Equity Method 0.12 0.12 0.12 0.07 448 208 - 19 Godrej Green Estate Sonipat 100% owned project Line by Line Consolidation 1.00 1.00 1.00 1.00 842 828 1.00 20 Godrej Parkland Estate Kurukshetra 100% owned project Line by Line Consolidation 1.40 1.40 1.40 1.38 629 612 1.40 21 Evora Estate Panipat 100% owned project Line by Line Consolidation 1.02 1.02 0.98 0.93 1,168 388 0.45 22 Godrej Nest Noida DM Fee – 11% of Revenue Accrual Method 2.20 2.20 1.88 1.87 1,155 986 0.86 23 Godrej Palm Retreat Noida DM Fee – 13% of Revenue Accrual Method 1.82 1.82 1.37 1.37 963 907 0.91 24 Godrej Woods Noida Profit Share – 49% Equity Method 2.46 2.46 2.46 2.45 2,907 2,729 2.25 25 Godrej Tropical Isle Noida 100% owned project Line by Line Consolidation 1.62 1.62 1.62 1.61 2,215 1,373 - 26 Godrej Jardinia Noida 100% owned project Line by Line Consolidation 1.62 1.62 1.62 1.60 2,373 1,168 - 27 Godrej Riverine Noida 100% owned project Line by Line Consolidation 1.48 1.48 1.48 1.24 2,753 689 - 28 Noida Sector 151 Noida 100% owned project Line by Line Consolidation 1.09 1.09 - - - - - 29 Godrej Golf Links Gr. Noida Profit Share – 40% Equity Method 4.59 4.59 3.94 3.70 3,057 2,253 3.32 30 Godrej Arden Gr. Noida 100% owned project Line by Line Consolidation 2.16 2.16 1.43 1.24 1,621 313 - 31 Godrej Majesty Gr. Noida 100% owned project Line by Line Consolidation 1.74 1.74 1.50 1.00 1,431 405 - 32 Greater Noida DMIC Gr. Noida 100% owned project Line by Line Consolidation 5.78 5.78 - - - - - Total North Zone 53.70 53.67 37.73 33.91 41,910 22,809 14.77 *Saleable area has been increased in Godrej Samaris and Sector-63A from 1.70 msf and 1.65 msf respectively on account of design efficiency
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A. Residential Projects – South Zone 30 | Godrej Properties | Results Presentation Q1 FY27 As on 30th Jun 2026 SN Project Name Location Business Model Accounting Method Total Estimated Saleable Area (mn sq ft) GPL Share Area (mn sq ft) PTD Area Launched (mn sq ft) PTD Area Sold (mn sq ft) PTD Booking Value (INR Cr) PTD Collection (INR Cr) PTD OC Received (mn sq ft) 1 Godrej MSR City* Bengaluru Profit Share – 50% Equity Method 6.32 6.32 4.03 4.00 3,796 1,097 - 2 Godrej Woodland Bengaluru 100% owned project Line by Line Consolidation 1.77 1.77 1.49 1.34 456 408 1.49 3 Godrej Reflections Bengaluru GPL holds 20% equity in the project specific company Equity Method 0.97 0.97 - - - - - 4 Tumkur Road Bengaluru Revenue Based – 78.0% Line by Line Consolidation 0.79 0.79 - - - - - 5 Godrej Ananda Bengaluru DM-4.5% of Revenue & Profit Share- 49% Equity Method 3.29 3.29 3.29 3.24 1,955 1,662 1.66 6 Godrej Park Retreat Bengaluru 100% owned project Line by Line Consolidation 1.66 1.66 1.66 1.66 1,216 1,185 1.66 7 Godrej Splendour Bengaluru 100% owned project; 5.4% area share to landowner Line by Line Consolidation 2.57 2.48 2.08 1.99 1,435 1,226 1.10 8 Godrej Lakeside Orchard Bengaluru 100% owned project Line by Line Consolidation 1.64 1.64 1.64 1.41 1,557 736 - 9 Godrej Vanantara (Bannerghatta Road)* Bengaluru 100% owned project Line by Line Consolidation 3.53 3.53 3.53 2.99 3,237 297 - 10 Godrej Athena Bengaluru 100% owned project Line by Line Consolidation 0.57 0.57 0.57 0.50 704 537 - 11 Godrej Woodscapes* Bengaluru 100% owned project; 0.1 msf area share to landowner Line by Line Consolidation 4.43 4.32 4.07 4.03 3,803 1,816 - 12 Godrej Tiara Bengaluru 100% owned project Line by Line Consolidation 0.84 0.84 0.84 0.83 1,357 522 - 13 Godrej Woods Bengaluru 100% owned project Line by Line Consolidation 0.97 0.97 0.97 0.38 490 123 - 14 Godrej Aveline Bengaluru 100% owned project Line by Line Consolidation 1.60 1.60 1.57 1.26 2,093 291 - 15 Godrej Parkshire Bengaluru 100% owned project - ~26% area share to landowner Line by Line Consolidation 1.56 1.16 1.16 0.78 802 204 - 16 Aravya Estate Bengaluru 100% owned project Line by Line Consolidation 1.10 1.10 1.10 1.08 479 203 - 17 Kada Agrahara Bengaluru 100% owned project Line by Line Consolidation 3.06 3.06 - - - - - 18 Whitefield Bengaluru 100% owned project Line by Line Consolidation 1.08 1.05 - - - - - 19 Godrej Palm Grove Chennai Area Based – 70% (for 12.57 acres), 68% (for 4.82 acres) Line by Line Consolidation 2.40 2.40 0.65 0.64 264 255 0.65 20 Godrej Azure Chennai 100% owned project Line by Line Consolidation 1.04 1.04 1.04 0.77 420 251 0.47 21 Godrej Sunrise Estate Chennai 100% owned project Line by Line Consolidation 1.55 1.55 1.45 1.00 277 256 1.55 22 Chennai Plotted 2 Chennai 100% owned project Line by Line Consolidation 1.18 1.18 - - - - - 23 Coimbatore Coimbatore 100% owned project Line by Line Consolidation 1.10 1.10 - - - - - 24 Godrej Regal Pavilion* Hyderabad 100% owned project Line by Line Consolidation 4.13 4.13 3.29 2.83 2,425 707 - 25 Godrej Madison Avenue Hyderabad 100% owned project with 0.095 msf area share with landowner Line by Line Consolidation 1.25 1.15 0.96 0.93 1,109 321 - 26 Godrej Brooklyn Avenue (Kukatpally)* Hyderabad 100% owned project Line by Line Consolidation 3.06 3.06 2.66 0.26 317 20 - 27 Neopolis Hyderabad 100% owned project Line by Line Consolidation 2.55 2.55 - - - - - Total South Zone 56.01 55.27 38.03 31.93 28,193 12,116 8.58 *Total saleable area changed from 5.60 msf, 3.34 msf, 4.60 msf, 4.00 msf and 2.89 msf in Godrej MSR City, Godrej Vanatara, Godrej Woodscapes, Godrej Regal Pavilion and Godrej Brooklyn Avenue on account of changes in project scope or design efficiency
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A. Residential Projects – West-East Zone 31 | Godrej Properties | Results Presentation Q1 FY27 As on 30th Jun 2026 SN Project Name Location Business Model Accounting Method Total Estimated Saleable Area (mn sq ft) GPL Share Area (mn sq ft) PTD Area Launched (mn sq ft) PTD Area Sold (mn sq ft) PTD Booking Value (INR Cr) PTD Collection (INR Cr) PTD OC Received (mn sq ft) 1 Godrej Garden City Ahmedabad Phase I to IV: Area Based – 73.6% Phase V : Revenue Based – 67.6% Phase VI to X - 17% of Revenue Phase XI onwards - 15.6% of Revenue Line by Line Consolidation/ Accrual Method 21.00 19.76 9.02 8.84 3,045 2,797 7.86 2 Vastrapur Ahmedabad 100% owned project Line by Line Consolidation 0.90 0.90 - - - - - 3 Godrej Heritage Estate Vadodara 100% owned project Line by Line Consolidation 0.89 0.89 0.89 0.35 121 77 0.89 4 Raipur Raipur 100% owned project Line by Line Consolidation 0.95 0.95 - - - - - 5 Godrej Seven Kolkata 100% owned project Line by Line Consolidation 2.70 2.70 2.70 2.43 1,199 815 0.96 6 Godrej Prakriti Kolkata 100% Owned Project Line by Line Consolidation 2.95 2.95 2.77 2.77 989 982 2.34 7 Godrej Blue Kolkata 100% owned project Line by Line Consolidation 1.00 1.00 1.00 0.74 1,043 376 - 8 Godrej Zen Estates Kolkata 100% owned project Line by Line Consolidation 1.33 1.33 1.33 0.18 63 23 0.75 9 EM Bypass Kolkata 100% owned project Line by Line Consolidation 1.03 1.03 - - - - - 10 Godrej Orchard Estate Nagpur 100% owned project Line by Line Consolidation 1.47 1.47 1.47 1.41 602 583 1.47 11 Godrej Forest Estate Nagpur Profit Share - 40% for 89.75% of area Line by Line Consolidation 2.48 2.23 2.23 2.23 781 729 2.48 12 Nagpur 3 Nagpur 100% owned project Line by Line Consolidation 1.70 1.70 - - - - - 13 Godrej Infinity/ Rejuve/ Aqua Vista (Keshavnagar) Pune Profit Share – 58.64% Equity Method 3.94 3.94 2.79 2.33 1,464 1,309 2.08 14 Godrej Greens Pune Profit Share – 40% Line by Line Consolidation 1.05 1.05 0.88 0.87 398 405 0.88 15 Godrej Park Greens (Mamurdi) Pune 100% owned project Line by Line Consolidation 4.18 4.18 3.88 3.67 2,090 1,525 1.56 16 MaanHinje Pune 100% owned project (99% Equity in project SPV) Line by Line Consolidation 7.59 7.59 6.03 4.93 4,132 2,095 0.41 17 Manjari Pune 100% owned project (99% Equity in project SPV) Line by Line Consolidation 4.27 4.27 3.99 3.19 2,117 1,579 1.32 18 Mahalunge Pune 100% owned project (99% Equity in project SPV) Line by Line Consolidation 6.38 6.38 6.38 5.72 3,999 3,408 2.47 19 Godrej Emerald Waters Pune 100% owned project Line by Line Consolidation 1.47 1.47 1.47 1.17 1,177 654 0.08 20 Godrej Elaris Pune 100% owned project Line by Line Consolidation 2.02 2.02 1.37 0.61 720 139 - 21 Godrej Skyline Pune 100% owned project with 0.05 msf area share with landowner Line by Line Consolidation 0.79 0.74 0.62 0.34 557 186 - 22 Godrej Evergreen Square Pune 100% owned project Line by Line Consolidation 2.40 2.40 2.00 1.85 1,564 487 - 23 Godrej Ivara Pune 100% owned project Line by Line Consolidation 3.70 3.70 1.60 0.58 613 56 - 24 Kharadi 2 Pune 100% owned project (99% Equity in project SPV) Line by Line Consolidation 2.52 2.52 - - - - - 25 Mahalunge 2 Pune 100% owned project Line by Line Consolidation 2.13 2.13 - - - - - Total West East Zone 80.84 79.30 52.42 44.20 26,673 18,224 25.55 Total Residential Projects 247.97 244.65 161.30 136.91 1,31,810 73,365 62.25
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B. Commercial Projects SN Project Name Location Business Model Accounting Method As on 30th Jun 2026 Estimated Saleable Area (mn sq ft) GPL Share Area (mn sq ft) PTD Area Launch (mn sq ft) PTD Area Sold (mn sq ft) PTD Booking Value (INR Cr) PTD Collection Received (INR Cr) PTD OC Received (mn sq ft) 1 Godrej Garden City* Ahmedabad Phase I to IV: Area Based – 73.6% Phase V : Revenue Based – 67.6% Phase VI onwards - 17% of Revenue Line by Line Consolidation/ Accrual Method 2.40 2.40 - - - - - 2 Godrej Eternia Chandigarh Revenue Based – 54% Line by Line Consolidation 0.51 0.51 0.51 0.38 322 236 0.51 3 Godrej Genesis Pune Revenue Based 58% Line by Line Consolidation 0.48 0.48 - - - - - Total Commercial Projects (Build to Sale) 3.39 3.39 0.51 0.38 322 236 0.51 i. Commercial Projects (Build to Sale) *Primarily a residential project with a portion of commercial saleable area ii. Commercial Projects (Build to Lease) SN Project Name Location Business Model Accounting Method Estimated Leasable Area (mn sq ft) PTD Area Leased (mn sq ft)* Average Lease Rent (per sq ft) OC Received (mn sq ft) 1 Hebbal Bangalore GPL holds 17.5% equity in project specific company Investment accounting 0.76 0.73 92 0.76 2 Indira Nagar Bangalore GPL holds 17.5% equity in project specific company Investment accounting 1.08 0.98 162 1.08 3 Hudson Circle Bangalore GPL holds 20% equity in project specific company Investment accounting 0.48 - - - 4 Godrej Two Mumbai GPL holds 45% equity in project specific company Investment accounting 1.24 1.24 185 1.24 5 Golf Course Road Gurugram GPL owns 9.5% of equity in project specific company Investment accounting 1.12 0.71 180 1.12 6 Koregaon Park Pune GPL holds 17.5% equity in project specific company Investment accounting 1.66 0.52 100 1.66 7 Yerwada Pune GPL holds 20% equity in project specific company Equity Method 0.99 0.21 115 - Total Commercial Projects (Build to Lease) 7.32 4.39 150 5.85 *Including LOIs iii. Commercial Projects (Build to Operate) SN Project Name Location Business Model Accounting Method Estimated Area (mn sq ft) OC Received (mn sq ft) 1 The Trees - Hotel Mumbai 100% owned project Line by Line Consolidation 0.34 0.34 Total Commercial Projects (Build to Operate) 0.34 0.34 32 | Godrej Properties | Results Presentation Q1 FY27
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Thank You For further information, please contact: Investor Relations Dept, Godrej Properties Limited Email: GPL.IR@godrejproperties.com