Interim report
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12.15 Godrej Properties Ltd. Godrej One, 5th Floor, Pirojshanagar, Eastern Express Highway, Vikhroli (E), Mumbai- 400 079. India Tel.: +91-22-6169-8500 Fax: +91-22-6169-8888 Website : www .godrejproperties.com CIN: L74120MH1985PLC035308 October 23, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai- 400 051 Ref: Godrej Properties Limited BSE - Scrip Code: 533150, Scrip ID - GODREJPROP BSE - Security Code- 974951, 975090, 975091, 975856, 975857, 976000 - Debt Segment NSE - GODREJPROP Sub: Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026 Dear Sir/ Madam, Please note that the Board of Directors of the Company, at its meeting held on Friday, October 23, 2026, has, inter a/ia, considered and approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026. Pursuant to Regulation 30, 33, 51, 52 and other applicable Regulations read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026, duly reviewed and recommended by the Audit Committee and approved by the Board of Directors along with the Limited Review Report thereon issued by Mis.BS R & Co. LLP, the Statutory Auditors of the Company. The meeting of the Board of Directors of the Company commenced at 11 :30 a.m. and the financial results were approved at p.m. Thereafter, the Board Meeting continued for consideration of other agenda items. Kindly take the aforesaid on record. Thank you. Yours truly, For Godrej Properties Limited ~~'f- Ashish Karyekar Company Secretary Enclosed as above •• GODREJ •■ PROPERTIES
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BS R & Co. LLP Chartered Accountants 14th Floor, Central B Wing and North C Wing Nesco IT Park 4, Nesco Center Western Express Highway Goregaon (East), Mumbai - 400 063, India Telephone: +91 (22) 6257 1000 Fax: +91 (22) 6257 1010 Limited Review Report on unaudited standalone financial results of Godrej Properties Limited for the quarter ended 30 September 2026 and year to date results for the period from 1 April 2026 to 30 September 2026 pursuant to Regulation 33 and Regulation 52(4) read with Regulation 63 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated 10 August 2021, as amended To the Board of Directors of Godrej Properties Limited 1. We have reviewed the accompanying Statement of unaudited standalone financial results of Godrej Properties Limited (hereinafter referred to as "the Company") for the quarter ended 30 September 2026 and year to date results for the period from 1 April 2026 to 30 September 2026 ("the Statement") (in which are included interim financial information from branches in Singapore, Qatar and Dubai). 2. This Statement, which is the responsibility of the Company's management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting' ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52(4) read with Regulation 63 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"), as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated 10 August 2021, as amended. Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated 10 August 2021, as amended, including the manner in which it is to be disclosed, or that it i7material misstatement. ~ B S R & Co. (a partnership firm with Registration No. BA61223) converted in1o B S R & Co. LLP (a Limtted Liabili1y Partnership with LLP Registration No. AAB-8181) with effeC1 from October 14, 2013 Registered Office: 14th Floor, Central B 'Mng and North C 'Mng, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 2
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BS R & Co. LLP Limited Review Report (Continued) Godrej Properties Limited 5. We draw attention to Note 5 of the unaudited standalone financial results which describes the accounting for the Scheme of Amalgamation between the Company and Embellish Houses Private Limited (formerly known as Embellish Houses LLP), its wholly owned subsidiary. The Scheme has been approved by the National Company Law Tribunal ('NCL T') vide its order dated 8 July 2026 and a certified copy has been filed by the Company with the Registrar of Companies, Mumbai, on 10 August 2026. Although the appointed date as per the NCL T approved Scheme is 1 November 2025, in accordance with the requirements of Appendix C to Ind AS 103 "Business Combinations", the amalgamation has been accounted for as if it had occurred from the date on which control was obtained i.e. 23 September 2025. Accordingly, the comparative financial information for the quarter ended 30 June 2026, the quarter ended 30 September 2025, the period from 1 April 2025 to 30 September 2025 and the year ended 31 March 2026 has been restated by the Company to give effect to the amalgamation from the aforesaid date. The aforesaid note 5 also describes in detail the impact of the business combination on the unaudited standalone financial results. Our conclusion is not modified in respect of this matter. Mumbai 23 October 2026 For B S R & Co. LLP Chartered Accountants Firm's Registration No.:101248W/W-100022 a Godbole Partner Membership No.: 105149 UDIN:26105149RZTDMC4533 Page 2 of2
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••■ GODREJ • PROPERTIES GODREJ PROPERTIES LIMITED CIN : L74120MH1985PLC035J08 Regd Office: Godrej One, 51h Floor, Pirojshanagar, Eastern Express Highway, Vlkhroll (East), Mumbai - 400 079. www.godrejproperties.com statement of Unaudited standalone Ananclal Results for the Quarter and Half Year Ended September 30, 2026 ONRlncrore) Quarter Ended Half Year Ended Year Ended Sr. Particulars 30.09.2026 30.06.2026 30.09 .2025 30.09.2026 30.09.2025 31.03.2026 No. unaudited unaudited Unaudited Unaudited Unaudited Audited !Restat""" 1Destat..d\ I Restatodl /Restated\ /Refer Note 5' IRefer Note 5 IR.ter Note 5) (R.ter Nola 51 1 Income Revenue from operations 111.83 121.10 92.26 232.93 198.33 1,395.16 Other income 617.37 456 .51 568.07 1,073.88 1,039.45 1,966.89 Total Income 729 .20 577.61 660 .33 1,306.81 1,237.78 3,362 .05 2 Expenses Cost of materials consumed 3,761.43 1,649.83 2,451.57 5,411.26 4,365.59 12,973.62 Changes in inventories of finished goods and construction work-in-progress (3,706.75) (1,596.48) (2,414.16) (5,303.23) (4,280.28) (12,200.71) Employee benefits expense 110.98 107.20 113.54 218.18 208.74 386.17 Finance costs 123.91 92.31 118.85 216.22 235.38 523.59 Depreciation and amortisation expense 22.88 18.55 16.07 41.43 28.73 69.72 Other expenses 348.08 225.98 349.21 574.06 574.90 1,187.19 TotalEXpenses 660.53 497.39 635.08 1,157 .92 1,133.06 2,939 .58 3 Profit before Exceptional items and Tax 68.67 80.22 25.25 148 .89 104.72 422.47 Exceptional item - . 18.14 4 Profit bef0f9 tax for the period / year 68.67 80.22 25.25 148 .89 104.72 404 .33 5 Tax expense charge Current tax (7.19) 16.80 (0.98) 9.61 21 .95 181.94 Deferred tax (credtt)/charge (4.90) 7.25 13.22 2.35 13.65 (62.30) 6 Profit after tax for the period / year 80.76 56.17 13.01 136.93 69.12 284.69 7 Other Comprehensive Income for the period/ year Hems that wll not be subsequently reclaulflad to profit or loss Remeasurements of the defined benell1 plan {1.28) (1.28) (1 .20} (2.56) (2.40} (5.24) Tax on Above 0.32 0.32 0.30 0.64 0.60 1.32 8 Total comprehensive Income for the period/ year 79.80 55.21 12.11 135.01 67.32 280.77 9 Paid-up Equity Share Capital 150 .61 150.61 150.60 150 .61 150.60 150.60 Face Value - INR 5/· per share 10 R-•• Excluding Revaluation Reserve and -re Redemption Reserve 17,562 .92 11 Nel·Worth 17,548.92 17,771.39 17,497 .41 17,548 .92 17,497 .41 17,713.52 12 Earning Per Equity Share (EPS) {Amount In INR) Basic EPS (• not annualized) 2.68* 1.86* 0.43* 4.55* 2.29* 9.45 Diluted EPS (* not annualized) 2.68 * 1.86* 0.43* 4.54* 2.29* 9.45 13 Key Ratios and Ananclal Indicators (Refer Note 4) Debt Equity Ratio (Gross) 1.09 1.03 0.89 1.09 0.89 0.84 Debt Equrty Ratio (Net) 0.56 0.53 0.37 0.56 0.37 0.44 Debt Service Coverage Ratio {DSCR) 0.16 0.09 0.16 0.25 0.30 0.36 Interest Service Coverage Ratio (ISCR) 0.62 0.63 0.62 0.62 0.74 0.95 Current Ratio 1.28 1.32 1.46 1.28 1.46 1.36 Long Term Debt 10 Working Capital 0.17 0.16 0.22 0.17 0.22 0.16 Bad Debts to Account Receivable Ratio . . . . - . current Liability Ratio 0.95 0.94 0.90 0.95 0.90 0.94 Total Deb1s to Total Assets 0.28 0.29 0.29 0.28 0.29 0.26 Debtors Turnover (annualized) 5.24 5.40 1.83 4.93 1.67 7.29 Inventory Turnover (annualized) 0.01 0.01 0.01 0.01 0.01 0.04 Operating Margin (%) -359 .04% -218.48% ·440 .03% ·285 .97% •335.93% -66.73% Adjusted EBITDA (%) 29.60% 33.23% 24.55% 31 .20% 30.15% 30.81% Net Profit Margin(%) 11.08% 9.72% 1.97% 10.48% 5.58% 8.47%
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••■ GODREJ • PROPERTIES Unauanea standalone statement of Assets & Liabllltles as at Septemoer 30, 2026 CINR In crore J Aut Asal Sr. 30.09.2026 31.03.2026 No. Partloulan Audited Unaudited (RNtatod) (Refer Note 5\ A ASSETS 1 Non-current A88ets a Prooenv, Plant and Eouipment 595.19 503.62 b Riaht-of-Use Asset 227.28 229.15 C Cae>ital Work-ln-Proaress 87.03 104.64 d Investment Property 145.75 150.51 e Other lntan qible assets 10.42 11.61 f Financial Assets Investments in Subsidiaries, Joint Ventures and Associate 1,982.18 1,483.21 Other Investments 2,227.32 2,214.24 Loans 958.96 912.89 Other Non-Current Financial Assets 223.03 588.65 0 Deferred Tax Assets (Net) 53.64 55.34 h Income Tax Assets <NeO 292.63 164.16 I Other Non-Current Non Financial Assets 8.35 9.43 Total Non-Current Assets 6,811.78 6,427.45 2 Current Assets a Inventories 33,893.71 28,553.42 b Financial Assets Investments 4,968.53 2,659.88 Trade Receivables 90.15 98.83 Cash and Cash Equivalents 768.29 1,024.39 Bank Balances Other than Above 3,366.08 2,876.15 Loans 12,080.41 11,387.30 Other Current Financial Assets 2,274.30 2,480.43 C other Current Non Financial Assets 3,469.68 2,853.73 Total current A80eta 60,911.15 51,934.13 Total Assets 67,722.93 58,361.58 B EQUITY AND LIABILITIES 1 EQUITY a Equil)' Share Capltal 150.61 150.60 b OtherE auttv 17,398.31 17,562.92 TatalEamn 17,548.92 17,713.52 2 LIABILITIES 2.1 Non-current LlabBltles a Financial Liabilities Borrowinos 2,250.00 2,250.00 Lease Liabilities 214.96 211.87 Other Non - current Financial Liabilities 21.10 15.70 b Provisions 62.13 56.21 Total Nan-cllrrent Liabilities 2,548.19 2,533.78 2.2 Current Liablhlles a Financial Liabilities Borrowings 16,792.07 12,717.40 Lease Liabilities 34.24 32.11 Trade Pavables total outstandinQ dues of micro enterorises and small enterurises 301.03 308.48 total outstandino dues of creditors other than micro enterprises and small enterorises 2,615.81 2,212.86 Other Current Financial Liabilities 967.93 1,011.49 b Other Current Non Financial Liabilities 26,830.70 21,755.64 C Provisions 34.18 32.69 d Current Tax Liabilities (Net) 49.86 43.61 Tatal current LJabllltles 47,625.82 38,114 .28 Total LiablHtles 50,174.01 40648 .06 Total Equity and llabllltlet! 67,722.93 58361 .58
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••■ GODREJ PROPERTIES Particulars Cash Flo- from =ting Activities Profit before Tax ACIIUllmtfl\1..fm; Deoreciation and amortisation expense Finance costs UnaUdlted standalone statement of Cash •oows for the Half Year Ended September 30, 2026 Profit on sale of properl'I, plan! and equioment Inell Share of !Profrtl/Loss in Limited Liabilit y Partnershi ps Share based oavments to em Plovees liabilities/Provisions written back Interest Income Dividend Income Profn on sale of lnveslments (netl Fair value oain uoon relinauishment of ioint control Income from investment measured at FVTPL Provision/ (Wrile-back l of Ex.-..Med Credit Loss on lnveslments !Net! Exaected Credit Loss on Loan Lease rent from investment orooerties Provision/ ExMC1ed Credit Loss on other assets (net) other financial assets Written off Write down of inventories .,._..,,.., Loss before worldna capita! chanaet Chanaes In Wl'll1Una Ca011a1: Increase in Non-Financial Liabilities Increase/ (Decrease) in Financial Liabilities Increase) in Inventories Increase} / Decrease in No~inancial Assets Increase} / Decrease in Financial Assets Taxes Pald !netl Net cash flows {used in11aeneraled from .,.,.,.,In a acllvitlea Cash Flo- from lnYffling Activities Acaulsition of " '°"""" • olant and eauiomeni Investment orooert, and intanaible assets,lncludin a caoltal creditors and advances Proceeds from sale of property, plant and equipment and intanoible assets Purchase of Investment In mutual funds (nel) Purchase of investments in fixed deaos its <net) Investment in subsidiaries and ioint ventures Investment in debentures of klint ventures Investment in equitY Withdrawal of fluctuatin a caoltal from LLP Loan oiven to subsidiaries and Joint ventures (net} Loan Reoaid/ (GivenJ lo others (nel) Interest received Proceeds from Sale of Investment in Joint ventures Dividend received Lease rent from investment 11ro11erties Net Cash Flows /used lnl lnvestlna Activities Cash Flo- from Ananclna ActlVltles Proceeds from Issue of equity share capital Reoavmont of Lon0 Term Borrowin as Proceeds from short-term borrowin gs (nel) Interest and other borrowinQ cost paid Pavment of dividend Pavment of minimum lease liabilities Ne! Caah Flows a-..aled from Flnanclna Actfvttles Net lncrnse/ •°""re88el In Calh and Cash Eaulvalents Cash and Cash Equivalents - Opening Balance Acooired Pursuant to the scheme of amalaamatlon Cash and Caah Eaulvalenta • Closlna Balance Reconclliatlon of Cash and Cash equivalents as per the Slandalone statement of Cash flows Cash and Cash equivalents as per the above comprise of the followlll!I • Partlculani Cash and Cash Ecuivalents Less: Bank Overdrafts repa11able on demand Cash and Cash Ec::iuivalents as Der Standalone Statement of Cash Flows INR 0.00 represent amount less than INR 50,000 (INR In Cron,) For the Half YNr For the Haff Year Ended Endod 30.09.2026 30.09.2025 Unauditod Unaudited (RH!aled) /Refer NOie $1 148.89 104.72 41.43 28.73 216.22 235.29 (1.40) (2.48 (12.781 112.69 1.60 1.40 (1.36 (765.91 (736.16 1167.38 (0.00 (30.70 (54.90 - (131.09 (102.81 ) (77.58 60.56 (24.27 5.75 {3.94 ) {2.27 3.94 6.83 15.54 0.02 11.09 (579.90 ) (540.43 4,445.02 3,070.61 353.67 [253.56 C4,222.16 (2,332.07 618.67 66.21 309.08) 121.17 351.22 672.35 131.83 1122.90 ) (1 062.95 ) 9.02 (165.66) [1 22.96 4.92 5.16 (2,173.26 (857.57 (130.72 (597.47 (16.15 {366.87 (7.50) (11.25 17.46) - 47.61 240.21 (303.53 ) 11 831.14 38.00 {6.05 237.40 237.84 11.88 167.38 0.00 3.94 2.27 12305.03 } 13.295.95 1 0.01 0.01 (750.00) 5,708.37 3703.14 (799.27) (638.80) (301.23 - {1 9.571 17.731 3.838 .31 3056 .62 470.33 (230.31) 262.82 819.99 15.76 733.15 605.44 Asal Asat 30.09.2025 30.09.2026 /Restated\ 768.29 605.32 35.14 10.12 } 733.15 605.44 ..
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·• GODREJ •■ PROPERTIES Notes: 1 The above statement of unaudited standalone financial results which are published in accordance with Regulation 33 and 52(4) of the SEBI (listing Obligations & Disclosure Requirements) Regulations, 2015, as amended, have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on October 23, 2026. The above results have been subjected to "limited review" by the statutory auditors of the Company. The unaudited standalone financial resuhs are in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. The Company's business activities which are primarily real estate development and related activities falls within a single reportable segment as the management of the Company views the entire business activities as real estate development. Accordingly, there are no additional disclosures ta be furnished in accordance with the requirement of Ind AS 108 - Opera1ing Segments with respect to single reportable segment. Further, the operations of the Company are domiciled in India and therefore there are no reportable geographical segments. During the half year ended September 30, 2026, the Company has granted 30,609 new stock to eligible employees, 4,403 stock grants lapsed and 18,756 equity shares were allotted upon the exercise of stock grants under the Employee Stock Grant Scheme. 4 Formula used for Calculation of Ratio and Financial Indicators are as below : Debt-Equity Ratio (Gross) = (Current Borrowing+ Non-current Borrowing)/ Shareholder's Equity (Total Equity) Debt-Equity Ratio (Net)= (current Borrowing+ Non-current Borrowing- Cash and Bank Balances - Fixed Deposits- Liquid Investments)/ Shareholde~s Equity (Total Equity) DSCR= EBITDA / (Finance Cost (excludes interest accounted on customer advance as per ElR Principal)+ Principal Payment due to Non-Current Borrowing repayable within one year) ISCR= EBITDA / Finance Cost (excludes interest accounted on customer advance as per EIR Principa0 EBITDA= Profit before Exceptional items and Tax-+ Finance cost+ Finance cost included in Cost of Sales-+ Depreciation and amortisation expense Current Ratio = Current Assets/ Current Liabilities Long Term Debt to Working Capital= Non-Current Borrowing/ (Current Assets- Current Liabilities) Bad Debts to Account Receivable Ratio= Bad Debts /Average Trade Receivables Current Liability Ratio= Current Liabilities/ Total Liabilities Total Debts to Total Assets= (Current Borrowing+ Non-current Borrowing)/ Total Assets Debtors Turnover= Revenue from Operations/ Average Trade Receivables Inventory Turnover= (Cost of Material Consumed+ Changes in inventories of finished goods and construction work-in-progress)/ Average Inventory Operating Margin (%) = (Earning before Exceptional items, interest, taxes, depreciation, amortisation expenses, interest included in cost of sales and other income) / Revenue from Operations Adjusted EBITDA (%) = (Earning before Exceptional items, interest, taxes, depreciation, amortisation expenses and interest included in cost of sales) / Total Income) Net Profit Margin(%)= ProfiV(loss) forthe year/ Total Income 5 The Scheme of Arrangement between Embellish Houses Private Limited (EHPL) (formerly known as Embellish Houses LLP), a wholly owned subsidiary of the Company and the Company was sanctioned by the National Company Law Tribunal (NCL D, Mumbai Bench vide its order dated July 8, 2026, which was subsequently filed with the Registrar of Companies on August 10, 2026. In accordance with the Scheme, the effective date of the amalgamation is November 1, 2025. While the appointed date prescribed under the NCLT approved Scheme is November 1, 2025, the amalgamation has been accounted for in accordance with Appendix C to Ind AS 103, Business Combinations, as if it had occurred from September 23, 2025, being the date on which control was obtained by the Company. Accordingly, the Company has restated the comparative financial information for the quarter ended June 30, 2026, the quarter and half-year ended September 30, 2025, and the year ended March 31, 2026, to give effect to the amalgamation from the aforesaid date. Uncreasel /Decrease in crevious oeriod Dubllshed numbers are as below· (INR In Crore) Particulars Quarter Ended Quarter Ended Half Vear Year Ended Ended 30.06.2026 30.09.2025 30.09.2025 31.03.2026 Total Income (8.15) {1.44) (1.44) {24.38) Profit before tax for the period/ year (5.84) {0.09) (0.09) (84.83) Profit after tax for the period/ year (4.37) (0.09) (0.09) (64.06) Net Worth (79.61) Total Assets 1,933.08 6 The statutory auditors of GodreJ Properties Limited have expressed an unmodified conclusion on the unaudited standalone financial results for the quarter and half year ended September 30, 2026. Place: Mumbai Date: October 23, 2026 By Order of the Board For Godrej Properties Limited , Chairpenon
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BS R & Co. LLP Chartered Accountants 14th Floor, Central B Wing and North C Wing Nesco IT Park 4, Nesco Center Western Express Highway Goregaon (East), Mumbai - 400 063, India Telephone: +91 (22) 6257 1000 Fax: +91 (22) 6257 1010 Limited Review Report on unaudited consolidated financial results of Godrej Properties Limited for the quarter ended 30 September 2026 and year to date results for the period from 1 April 2026 to 30 September 2026 pursuant to Regulation 33 and Regulation 52(4) read with Regulation 63 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated 10 August 2021, as amended To the Board of Directors of Godrej Properties Limited 1. We have reviewed the accompanying Statement of unaudited consolidated financial results of Godrej Properties Limited (hereinafter referred to as "the Parent"), and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") and its share of the net profit / loss after tax and total comprehensive income / loss of its associate and joint ventures for the quarter ended 30 September 2026 and year to date results for the period from 1 April 2026 to 30 September 2026 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 and Regulation 52(4) read with Regulation 63 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"), as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated 10 August 2021, as amended. 2. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting' ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated 10 August 2021, as amended. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the following entities: Name of the entity Godrej Projects Development Limited Godrej Garden City Properties Private Limited Godrej Hillside Properties Private Limited Godrej Home Developers Private Limited Godrej Prakriti Facilities Private Limited 7,ritiplaza Facilities Management Private Limited I\~ (rtnership firm with Registration No. BA61223) converted into BS R & Co. LLP (a ed :ti;~artnership with LLP Registration No. AAB-8181) with effect from October 14, 2013 Relationship Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Registered Office: 14th Floor, Central B 'Mng and North C 'Mng, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 4
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8 SR & Co. LLP Godrej Highrises Properties Private Limited Limited Review Report (Continued) Godrej Properties Limited Wholly owned subsidiary Godrej Genesis Facilities Management Private Limited Citystar lnfraProjects Limited Godrej Highrises Realty LLP Godrej Projects (Soma) LLP Godrej Athenmark LLP Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Godrej Project Developers & Properties Private Limited Wholly owned subsidiary (formerly known as Godrej Project Developers & Properties LLP) Godrej City Facilities Management LLP Wholly owned subsidiary (struck offw.e.f. 24 August 2026) Godrej Florentine Private Limited (formerly known as GodrejWholly owned subsidiary Florentine LLP) Godrej Olympia LLP Wholly owned subsidiary Ashank Projects Development LLP Godrej Green Woods Private Limited Godrej Realty Private Limited Godrej Buildwell Projects LLP Godrej Living Private Limited Ashank Land & Building Private Limited Ashank Facility Management LLP Godrej Vestamark LLP Godrej Real Estate Distribution Company Private Limited Wonder City Buildcon Limited Godrej Township Development Limited Godrej Skyline Developers Limited Oasis Landmark LLP Pearlshine Home Developers Private Limited Godrej Highview LLP (struck off w.e.f. 9 September 2026) Wholly owned subsidiary (struck offw.e.f. 24 August 2026) Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Godrej SSPDL Green Acres Private Limited (formerly knownWholly owned subsidiary as Godrej SSPDL Green Acres LLP) Godrej Amitis Developers Private Limited (formerly known asWholly owned subsidiary (w.e.f. 19 Godrej Amitis Developers LLP) June 2025) Embellish Houses Private Limited (formerly known as Embellish Houses LLP) Godrej lrismark Private Limited rerly known as Godrej lrismark LLP) i· Joint Venture (upto 18 June 2025) Wholly owned subsidiary (w.e.f. 23 September 2025) Joint Venture (upto 22 September 2025) (Merged with the Holding Company w.e.f. 23 September 2025) Wholly owned subsidiary (w.e.f. 6 December 2025) Joint Venture (upto 5 December Page 2 of 4
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BS R & Co. LLP Limited Review Report (Continued) Godrej REDCO Consultancies LLC Godrej Properties Limited 2025) Wholly owned subsidiary (w.e.f. 28 Novemver 2025) Godrej Housing Projects Private Limited (formerly known asWholly owned subsidiary (w.e.f. 30 Godrej Housing Projects LLP) June 2026) Godrej Green Properties LLP Maan-Hinje Township Developers Private Limited Godrej Residency Private Limited Godrej Reserve LLP Dream World Landmarks LLP Caroa Properties LLP Manjari Housing Projects LLP Mahalunge Township Developers Private Limited (formerly known as Mahalunge Township Developers LLP) Oxford Realty LLP M S Ramaiah Ventures LLP Godrej Macbricks Private Limited Suncity Infrastructure (Mumbai) LLP Godrej Greenview Housing Private Limited Wonder Projects Development Private Limited AR Landcraft LLP Godrej Real View Developers Private Limited Pearlite Real Properties Private Limited Godrej Odyssey LLP Prakhhyat Dwellings LLP Roseberry Estate LLP Godrej Project North Star LLP Godrej Developers & Properties LLP Manyata Industrial Parks LLP Godrej Redevelopers (Mumbai) Private Limited Universal Metro Properties LLP Godrej Projects North LLP Mosiac Landmarks LLP Yerwada Developers Private Limited f.ut Developers Private Limited Joint Venture (upto 29 June 2026) Wholly owned subsidiary (struck off w.e.f. 11 May 2026) Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary (w.e.f. 2 June 2025) Joint Venture (upto 1 June 2025) Subsidiary (w.e.f. 31 May 2025) Joint Venture (upto 30 May 2025) Joint Venture Joint Venture Joint Venture Joint Venture Joint Venture Joint Venture Joint Venture Joint Venture Joint Venture Joint Venture Joint Venture Joint Venture Joint Venture Wholly owned subsidiary (w.e.f. 25 August 2026) Joint Venture (upto 24 August 2026) Joint Venture Subsidiary (w.e.f. 23 September 2026) Joint Venture (upto 22 September 2026) Joint Venture Joint Venture Joint Venture Joint Venture Joint Venture (upto 1 July 2025) Page 3 of 4
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BS R & Co. LLP Madhuvan Enterprises Private Limited Munjal Hospitality Private Limited Vagishwari Land Developers Private Limited Godrej Skyview LLP Limited Review Report (Continued) Godrej Properties Limited Joint Venture (upto 24 June 2025) Joint Venture (upto 24 June 2025) Joint Venture (upto 24 June 2025) Joint Venture (w.e.f. 28 September 2026) Wholly owned subsidiary (upto 27 September 2026) Godrej One Premises Management Private Limited Associate 5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated 10 August 2021,as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. The Statement includes the interim financial information of one (1) subsidiary which has not been reviewed, whose interim financial information reflects total assets (before consolidation adjustments) of Rs 61.05 crores as at 30 September 2026 and total revenues (before consolidation adjustments) of Rs (0.58 crores), total net loss after tax (before consolidation adjustments) of Rs 2. 77 crores and total comprehensive loss (before consolidation adjustments) of Rs 2.77 crores for the quarter ended 30 September 2026 and for the period from 1 April 2026 to 30 September 2026, and cash outflows (net) (before consolidation adjustments) of Rs 4.31 crores for the period from 25 August 2026 to 30 September 2026 as considered in the Statement. The Statement also includes the Group's share of net loss after tax of Rs 0.58 crores and Rs 10.36 crores and total comprehensive loss of Rs 0.58 crores and Rs 10.36 crores for the quarter ended 30 September 2026 and for the period from 1 April 2026 to 30 September 2026 as considered in the Statement, in respect of one (1) associate and three (3) joint ventures (out of which 1 joint venture converted to wholly owned subsidiary with effect from 25 August 2026), based on their interim financial information which have not been reviewed. According to the information and explanations given to us by the Parent's management, these interim financial information are not material to the Group. Our conclusion is not modified in respect of this matter. Mumbai 23 October 2026 For B S R & Co. LLP Chartered Accountants Firm's Registration No.: 101248W/W-100022 Partner Membership No.: 105149 UDIN:26105149ERKQQK7682 Page 4 of4
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• e GODAEJ GODREJ PROPERTIES LIMITED p,,,: ■ PROPERTIES CIN: L74120MH19B5PLC035308 Regd Office Godrej One, 5th Floor, Pirojshenagar, Eastern Express Highway, Vikhroli (East), Mumbai- 400 079, www.godrejproperties.com Statement of Unaudned Coneolidotod Financial RHullo lo< 1he Quarter and Half Veer Ended Sop tombs 30, 2026 (INR in Crore) Quarter Ended HaH v .. , Ended Year Ended Sr.Na. Partleulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudtted Unaudited Unaudtted UnauditHI Unaudited Audned 1 Income Revenue from operations 1,935.17 506.17 740.38 2,441.34 1,174.94 5,131.43 Other income (Refer Note 4)· 636.56 838.87 1,209.67 1,475.43 2,395.45 3,279.45 Total Income 2,571.73 1,345.04 1,950.05 a,916.n 3,570.39 8,410 .88 2 Expenses Cost of materials consumed 5,097.19 2,914.33 3,853.17 8,011.52 7,397.01 19,590.15 Purchases of stock.jn-trade 0.84 0.84 3.52 Changes in inventories of finished goods , stock in trade and construction work-fn- progress (3,424.06) (2,714.75) (3,208.14) (6,138.81) (6,575.84) (16,644.74) Employee benefits expense 177.40 168.54 167.74 345.94 317.04 595.95 Finance costs 37.41 35.54 21.51 72.95 54.20 136.86 Depreciation and amortisation expense 35.38 30.12 26.35 65.50 48.39 115.58 Other expenses (Refer Note 5) 553.42 422.18 440.35 975.60 792.76 2,003.12 Totel Expenses 2,476.74 856.80 1,300.98 3,333.54 2,033.56 5,800.44 3 Proftt befon, share of Profit/ (Lou) of Jalnt vonturea, BBIIOCiate, oxceptional Items 1111d tax 94.99 488.24 649.07 583.23 1,536.83 2,61D.44 4 Share of Profit / (Loss) of Joint Ventures and Associate (net of tax} 3.39 (8.53) (83.14) (5.14) (110.33} (36.75) 5 Proftt befon, Exceptional lterm and tu 98.38 479.71 565.93 578.09 1,426.50 2,573.69 Exceptional items 23.11 6 Profit before tax lo< the period / year 98.38 479.71 565.93 578.09 1,426.50 2,550.58 7 Tax upenee (credit)/ charge Current tax (6.50) 26.25 14.08 19.75 64.67 318.62 Deferred tax (40.59) 104.08 148.86 63.49 360.44 391.30 8 Proftt after tu fo, the period/ year 145.47 349.38 402.99 494.85 1,001.39 1,840.66 9 Other Comprehensive Income lo< the period/ year Items that will not be subsequently reclm,slfled to proftt or Ion Remeasurements of the defined benefrt plan .,,,. (0.95) (1.28) (1.20} (2.23) (2.40) (6.16} Tax on Above 0.32 0.32 0.30 0.64 0.56 1.44 10 Total Comprehensive Income for the period/ year (net of tax} 144.84 348.42 402.09 493.26 999.55 1,835.94 11 Proflt/(loss) attributable to: Owners of the Company 154.15 350.10 405.08 504.25 1,005.20 1,850.20 Non-Controlling Interests (8.68) (0.72) (2.09) (9.40) (3.81) (9.54) 12 Other Comprehensive Income attributable to: Owners of the Company (0.63) (0.96) (0.90) (1 .59) (1.84) (4.72) Non-controlling Interests (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) 13 Total Comprehensive Income/ (Lois) attributabloto: Owners of the Company 153.52 349.14 404.18 502.66 1,003.36 1,845.48 Non-ControOing Interests (8.68) (0.72) (2.09) (9.40) (3.81) (9.54) 14 Paid-up E..,ity Share C.pllal 150.61 150.61 150.60 150.61 150.60 150.60 Face Value - INR 5/- per share 15 Reserves Excluding Revaluation Reserve and Debenture Redemption Reserve 19,004.94 16 Nat-Worth 19,358.58 19,505.04 18,311.06 19,358.58 18,311.06 19,155.54 17 Earning Per Equity Share (EPS) (Amount In INR) Basic EPS (* not annualized) 5.12* 11.62" 13.45* 16.74* 33.37* 61.43 Difuted EPS (* not annualized) 5.1 2• 11.62* 13.45* 16.74* 33.37* 61.42 18 Key Ratios and Ananclal lndlcaton (Refer Note 7) Debt Equity Ratio (Gross) 1.02 0.97 0.88 1.02 0.88 0.82 Debt Equity Ratio (Net) 0.41 0.39 0.30 0.41 0.30 0.33 Debt Service Coverage Ratio (DSCR} 0.19 0.26 0.59 0.47 1.14 0.98 Interest Service Coverage Ratio (ISCR) 0.66 1.56 1.95 1.08 2.51 2.33 Current Ratio 1.23 1.26 1.33 1.23 1.33 1.27 Long Term Debt to Working Capital 0.14 0.13 0.20 0.14 0.20 0.14 Bad Debts to Account Receivable Ratio - - Current liability Ratio 0.96 0.95 0.93 0.96 0.93 0.95 Total Debts to Total Assets D.21 0.21 0.22 0.21 0.22 0.19 Debtors Turnover (annualized} 14.61 3.50 6.n 8.44 4.82 9.02 Inventory Turnover {annualized) 0.11 0.01 0.06 0.06 0.04 0.07 Operaling Margin(% ) (19.22") (54.04") (67.12") (26.44"} (62.14") (5.58") Adjusted EBITOA (%) 10.41% 41.66% 33.72" 21.09% 44.94% 35.31% Net Prof"n Margin(%) 5.65% 26.14% 21.59% 12.65t. 28.94% 21.98%
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• • GODREJ I PROPERTIES ~ Unaudited Condtdated StatMnent or AHell' Uabllltle1 u at September 3D, 2026 ONR in Cro,e) Aoat Aul Sr. No. Particulars 3D.09.2026 31.03.2026 Unaudtted Audited A ASSETS 1 Non--current Assets a Property, Plant and Equipment 1,413.57 1,280.73 b Right-of-Use Asset 256.76 263.32 C Capital Work~n-Progress 138.65 169.40 d Investment Property 145.75 150.51 e Goodwill on consolida1ion 0.07 0.07 f Other Intangible assets 12.38 13.72 g ln1angible Assets under Development 3.30 2.61 h Equity accounted investees 853.42 625.62 I Financial Asse1s Other Investments 2,016.60 2,000.83 Trade Receivables 63.55 73.91 Loans 117.47 127.72 Other Non-Current Financial Assets 337.87 717.07 J Deferred Tax Assets {Net} 359.76 304.61 k Income Tax Assets (Net) 446.03 335.28 I Other Non-Current Non Financial Assets 8.75 10.75 Total Non-Current Aaseta 6,173.93 6,076.15 2 --a Inventories 64,625.83 57,806.91 b Financial Assets Investments 5,359.44 2,884.23 Trade Receivables 466.17 554.07 Cash and Cash Equivalents 1,626.65 1,860.74 Bank Balances Other than Above 4,648.70 3,857.08 Loans 2,161.01 2.108.35 Other Current Financial Assets 2,036.18 1,538.03 C Other Current Non Financial Assets 5,915.57 5,208.87 Total current Aaoets 86,839.55 75,818.28 Total AHetl 93,013 .48 81,894.43 B EQUITY AND UABIUTIES 1 EQUITY a Equrty Share Capital 150.61 150.60 b Other Equity 19,207.97 19,004.94 C Non-controlling interests 193.64 199.35 Total Equity 19,552.22 19,354.89 2 LIABILITIES 2.1 Non-current Liabilities • Financial Liabilities Borrowings 2,250.00 2,250.00 Lease Liabilities 234.18 234.74 Other Non - Current Financial LI abilities 22.44 17.04 b Provisions 76.04 70.62 C Deferred Tax Liabilities (Net} 558.BB 44203 Total Non-Current Liabilities 3,141.54 3,014.43 2.2 Current Liabilities • Financial LiabHities Borrowings 17,495.56 13.364.87 Lease Liabilities 46.21 44.48 Trade Payables total outstanding dues of micro enterprises and small enterprises 931.47 1,002.74 total outstanding dues of creditors other than micro enterprises and small enterprises 4,955.66 4,896.94 Other Current Financial Llabilitles 803.21 951.26 b Other Current Non Financial Liabllttles 45,907.87 39,087.42 C Provisions 115.89 51.63 d Current Tax Liabihties (Ne1) 63.85 125 .77 Total CUrrent Usbllltles 70,319.72 59,525.11 Total UabllltiH 73,461.26 62,539.54 Total Eq<1ity and Uablitles 93,013.48 81,894.43 f\. -- I ~~ ·(. - <?~OP[:~j Fk>or (,o ~ ~aoo ':, ~ North C Wing. /# VIKHROLI CF· I * Nesco IT Park4, * Nesco Center, ~~ ' 400 079 !:; Weslern Express Highway, 0 Go{egaon (Easl). ./!J .t:J ~~ M1J11bai • 400 063 ,f * ~ ~ ,, e,.ed Acco-v
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• e GODREJ I PROPERTIES ~ Un•udlted Consolidated Statement of c..h Flows for the Half Ye..- Ended September 30, 2026 (INR In Crore) For the Half For the Half Year Ended Vear Ended Particulars 30.09.2026 30.09.2025 Unaudited Unaudited Cash Flows from Operating Activities Profit before Tax 578.09 1,426.50 AdiYllmffl.11 f2[· Depreciation and amonisation expense 65.50 48.39 Finance costs 72.95 54.20 Profit on sale of propen.y, plant and equipment (net) (8.24) (3.53) Shere of Loss in joint ventures and associate (net of tax) 5.14 110.33 Share based payments to employees 1.60 1.40 Liabilities/ Provisions written back (0.72) (1.61) Interest income (388.18) (399.71) Dividend income (0.01) (0.00) Profit on sale of Investments (net) (50.57) (83.82) Fair value gain upon acquisition of control (net) (562.57) (1.398.85) Fair value gain upon relinquishment of control/ joint control (308.85) (415.70) Loss on exit of joint venture partners (net) 7.41 Income from investment measured at FVTPL (113.08) (78.70) Leese rent from investment properties (3.94) (2.30) Provision/ Expected credit loss on other assets (net) 5.88 16.59 Other Financial assets written off 15.75 0.15 Write down of inventories 59.89 Operating Loss before working capita! changes (623.95) (726.66) Changes in Working Capita!: Increase in Non-Financial liabilities 6,095.22 5.008.01 (Decrease) in Financial liabilities (313.06) (191.34) (Increase) in Inventories (4,772.83) (5,281.87) (Increase) in Non-Financial Assets (685.13) (135.53) (Increase) in Financial Assets (246.54) (42.59) 77.66 (643.32) Direct Taxes P•id (net) (177.27) (162.19) Net cash flows (used In) _,rtlng activilles (723.56) (1,532.17) Cash Flows from Investing Activities Acquisition of property, plant and equipment, investment property and intangible assets (199.97) (151.51) Proceeds from sale of property, plant and equipment and intangible aseets 21.15 9.35 Purchase of investment in mutual funds (net) (2,228.42) (711.32) Purchase of investments in fixed deposits (net) (296.97) (957.96) Investment in joint ventures (16.05) (230.25) Investment in equity (7.46) Investment in debentures of joint ventures (7.50) (14.86) Proceeds from sale of investments in subsidiary 16.25 Acquisition of subsidiaries (2.08) (111.52) Loan (given to)/repaid by joint ventures (net) (136.24) 42.60 Loan given to others (net) (9.52) (107.64) Interest received 234.84 227.68 Acquisition of Non Controlling Interest (0.09) Proceeds from Sale of Investment in Joint Ventures 62.82 Dividend received 0.01 0.00 Lease rent from investment properties 3.94 2.28 Net Cash Flows (used In) Investing Activities (2,628.02) (1,940.42) Cash Flows from Financing Activities Proceeds from issue of equity share capital 0.0, 0.01 Repa}1Tlent of long-term borrowings (750.00) - Proceeds from Short-Term Borrowings (net) 5,769.58 3,773.89 Interest and other borrowing cost paid (856.51) (753.97) Payment of dividend (301.23) Payment of minimum lease liabilities (24.74) (10.77) Net Cash Flows generated from Financing Activities 3,837.11 3,009.16 Net lncrease/(Oecreue) In Cash and c..h Equivalents 485.53 (463.43) Cash and Cash Equivalents - Opening Balance 1,098.36 1,500.44 Cash and Cash Equivalents of subsidiaries acquired during the year 7.62 30.29 Cash and Cash Equivalents - Closing Balance 1,591.51 1,067.30 Reconciliation of Cash and Cash equivalents 88 per the Consolidated Statement of Cash flows Cash and Cash equivalents as per the above comprise of the following : Particulars As at As at 30.09.2026 30.09.2025 Cash and Cash Equiv•lenta I\ 1.626.65 1,067.18 Less: Bank Overdrafts repayable on demand 35.14 (0.12) Cash and Cash Equivalents as per Consolidated Statement of Cash Flows ~ ll., .t~n ~ ~ 1,591.51 1,067.30 INR 0.00 represent amount less than INR 50,000 //C.,~.,,...-'.I ~ <./'\.."'\. / / ()'("-..__Vr--'f::"~ lj v~ertral KY.,gand - ~ 1/~~~\ ' North C Wing. I g VIKHRou ~- ) * Nesco IT Paik4, * Nesco Center. ~ ' 400 079. ,-Western Express Highway. Q GoregaOII (East). .l!J .\ -<Y ~~ Mumbai - 400 063 ,f° ~ ~ * $red Acco,s. - ' - - - -- - -- -
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• e GODREJ I PROPERTIES Notes: 1 2 The above statement of unaudited consolidaled financial resutts which ere published In accordance with Regulation 33 and 52(4) of the SEBI (Listing ObfigatKlns & Disclosure Requirements) Regulations, 2015, as amended, h8ve been reviewed by the Audit Commrttee and approved by the Board of Directors et their meeting held on October 23, 2026. The above unaudited consolidated financial results have been subjected to "limited review" by the statutory auditors of the Group. The unaudrted consolidated financlal resutts ere in accordance with the Indian Accounting Standards (Ind AS) es prescribed under Section 133 of the Companies Act. 2013. Financial Results of Godrej Properties Limited (Standalone Information): IINR In Crorel Quarter Ended Hatt Year Ended Year Ended Partlcularo 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Restated Restated Restated Restated (Reier note SJ (Refer note SJ (Reier note SJ (Reier note 8J Total lncome11: 729.20 577.61 660.33 1,306.81 1,237.78 3,362.05 Profit before tax for the period/ year 68.67 80.22 25.25 148.89 104.72 404.33 Profit after tax for the period/ year 80.76 56.17 13.01 136.93 69.12 284.69 • Includes Revenue from operations end Other Income. 3 Sr. No. 1J a b 2) a b 3J a b 4) a b Unaudited Consolidated Segment wise Revenue, Resuhs, Assets and Liabilities for the quarter and half year ended September 30, 2026 Quarter Ended Hatf Year Ended Year Ended Partlculal$ 30.09.2026 30.06.2026 30.09.2025 30.09 .2026 30.09.2025 31.03.2026 Uneu<ltted Unaudited Unaudtted Unaudited Unaudited Audited Segment Revenue Real Estate 1,905.67 476.25 714.32 2,381.92 1,121.28 5,011.79 Hospitalit y 29.50 29.92 26.06 59.42 53.66 119.64 Total Segment ROYfflUO 1,935.17 506.17 740.38 2,441.34 1,174.94 5,131.43 Net Income from Operatlona 1,935.17 506.17 740.38 2,441.34 1,174.94 5,131.43 Segment Results (Profit before tax) Real Estate 92.51 472.83 563.32 565.34 1,418.90 2,532.69 Hosoitallty 5.87 6.88 2.61 12.75 7.60 17.89 Total Results 98.38 479.71 565.93 578.D9 1,426.50 2,550.58 SegmentAHeta Real Estate 92.207.9D 87,520.15 71,391.65 92,207.90 71 ,391.65 81.105.35 Hospitality 805.58 798.56 773.12 805.SS 773.12 789.08 TotalANets 93,013 .48 88,318.71 72,164.77 93,013 .48 72,164.77 81,894.43 Segment Liabllltieo Real Estate 72,692.62 67,848.63 52,834.04 72,692.62 52.834.04 61,776.90 Hospitalltv 768.64 766.40 756.13 768.64 756.13 762.64 Total Uabllltieo 73,461.26 68,615.03 53,590.17 73,461 .26 53,590.17 62,539.54 During the quarter ended September 30, 2026, Godrej Skyview LLP ceased to be a subsidiary and was reclassified as a joint venture following a stake divestment resulting into realised gain of INR 16.25 Crore and consequently fair value gain upon remeasurement of group's remaining stake have been recorded under the head Other Income. During the quarter ended September 30, 2026 joint venture panners of two joint venture entitle s of the group exited. Consequent to these exits, the said entities have converted into subsidiary/wholly owned subsidiary. The resulting gain/loss on these transactions have been recorded under the head Other Expenses (net}. During the half year ended September 30, 2026 the Holding Company has granted 30,609 new stock to eligible employees, 4,403 stock grants lapsed and 18,756 equity shares were allotted upon the exercise of stock grants under the Employee Stock Grant Scheme. Formula used for Calculation of Ratto and Financial Indicators are as below: Debt-Equity Ratio (Gross)= (Current Borrowing i- Non-current Borrowing)/ Shareholder's Equity (Total Equity) Debt-Equrty Ratio (Net) • (Current Borrowing + Non-current Borrowing - Cash and Bank Balances - Fixed Deposits - liquid Investments)/ Shareholder's Equity (Total Equrty) (excludes non controlling interest) DSCR= EBITDA / (Finance Cost (excludes Interest accounted on customer advance as per EIR Pr!ncfpal} + Principal Payment due to Non-Current Borrowing repayable within one year) ISCR= EBITDA / Finance Cost (excludes interest accounted on customer advance as per EIR Principal) EBITDA= Profit/(loss) before Exceptional items and tax+ Finance cost+ Finance cost included in Cost of Sales+ Depreciation and amortisation expense Current Ratio = Current Assets / Current Liabilities Long Term Debt to Working Capital= Non~urrent Borrowing/ {Current Assets - Current Liabllltles) Bad Debts to Account Receivable Ratio= Bad Debts /Average Trade Receivables Current liability Ratio= Current llabilfties / Total Liabilities Total Debts to Total Assets • (Current Borrowing+ Non-current Borrowing)/ Total Assets Debtors Turnover= Revenue from Operations/ Average Trade Receivables Inventory Turnover= (Cost of Material Consumed+ Changes in inventories of finished goods and construction work-in-progress}/ Average Inventory Opera1ing Margin (%) = (Earning before share of Profit / (loss) in joint ventures, exceptional Items, Interest, taxes, depreciation and amortisation expenses, interest included in cost of sales and other income)/ Revenue from Operations Adjusted EBITDA (%)=(Earning before exceptional items , interest. taxes, depreciation and amortj sation expenses and interest included in cost of sales)/ (Total Income+ Share of profit/(loss) of Joint Ventures and Associate (net of tax)) Net Profit Margin(%)= ProfrVOoss) for the year / (Total Income+ Share of profiV{loss) of Joint Ventures and Associate (net of tax)) The Scheme of Arrangement between Embelllsh Houses Private Limited (EHPL) (formerly known as Embellish Houses LLP), a wholly owned subsidiary of the Holding Company and the Holding Company was sanctioned by the National Company Law Tribunal (NCLD, Mumbai Bench vlde Its order dated July 8, 2026, which was subsequently filed with the Registrar of Companies on August 10, 2026. In accordance wrth the Scheme, the effective date of the amalgamation is November 1, 2025. While the appointed date prescribed under the NCLT approved Scheme is November 1, 2025, the amalgamation has been accounted for in accordance with Appendix C to Ind AS 103, Business Combinations, as if it had occurred from September 23, 2025, being the date on which control was obtained by the Holding Company. Accordingly, the Holding Company has restated the comparative financial information for the quarter ended June 30, 2026, the quarter and half-year ended September 30, 2025. and the year ended March 31, 2026, to give effect to the amalgamation from the aforesaid date. The statutory auditors of Godrej Properties Limited have expressed an unmodified conclusion on the unaudited consolidated financial results for the quarter and half year ended September 30, 2026. (\_ By Order of the Board For Goehl Properties Lintted Place: Mumbai Date: October 23, 2D26 w •