The true property developer reported a consolidated revenue after tax (PAT) of Rs 600 crore in Q1FY26. Nonetheless, whole revenue for the quarter declined 3% YoY to Rs 1,593 crore, down from Rs 1,638 crore in the identical interval final yr.
Regardless of the dip in revenue, operational momentum remained robust. The corporate achieved a reserving worth of Rs 7,082 crore through the quarter, pushed by the sale of 4,231 flats masking a complete space of 6.17 million sq. toes.
Whereas this marked an 18% YoY decline in space bought, it was the eighth consecutive quarter by which Godrej Properties recorded bookings exceeding Rs 5,000 crore.
Through the quarter, the corporate launched six new tasks and phases, with a mixed gross sales potential of Rs 8,500 crore. Moreover, collections rose 22% YoY to Rs 3,670 crore, reflecting robust money inflows.
Brokerage Views:
Vintage | Purchase | Goal Worth: Rs 2,723
Vintage has revised its goal value for Godrej Properties to Rs 2,723 from Rs 3,101 whereas sustaining a ‘Purchase’ ranking.The brokerage stated the corporate delivered an honest Q1 efficiency with continued momentum in enterprise growth (BD). Nonetheless, it flagged issues across the excessive base impact, noting that sustaining development and margins could also be difficult. It additionally revised its EV/EBITDA a number of all the way down to 9x from 10x, reflecting a moderating development outlook. The goal value relies on 1HFY28E estimates, and the long-term view stays constructive.
Avendus | Promote | Goal Worth: Rs 1,750
Avendus lowered its goal value to Rs 1,750 from Rs 1,800, retaining a ‘Promote’ ranking.
It expects pre-sales to stabilize after a 2.5x surge over the previous three years. The brokerage additionally famous that increased building outflows led to a YoY decline in Q1FY26 working money circulation (OCF) regardless of higher collections. It tasks OCF to tighten to Rs 5,000–6,000 crore over FY26–27 attributable to continued price pressures. Web debt is predicted to rise to Rs 7,000 crore by FY27 from Rs 4,000 crore in FY25. The inventory is presently buying and selling at 9x FY27E EV/EBITDA.
Motilal Oswal | Purchase | Goal Worth: Rs 2,843
Motilal Oswal (MOSL) maintained a ‘Purchase’ ranking with a goal value of Rs 2,843.
The brokerage famous that income was impacted by tender deliveries in Q1, however expects upcoming launches to drive pre-sales. The corporate has already achieved 57% of its annual BD goal.
Robust housing demand and trade consolidation are seen as key development drivers. For FY26, Godrej Properties has guided for Rs 40,000 crore in launches and Rs 32,500 crore in pre-sales. MOSL has retained its pre-sales estimates for FY26 and FY27.
Additionally learn: Rekha Jhunjhunwala exits Nikhil Kamath, Madhusudan Kela-backed smallcap inventory with 111% returns in 3 years
(Disclaimer: Suggestions, options, views, and opinions given by the specialists are their very own. These don’t symbolize the views of The Financial Occasions)
