Real estate developer Godrej Properties reported a sharp 42% rise in net debt during the June quarter of FY26, reaching ₹4,637 crore, compared to ₹3,269 crore at the end of the previous fiscal.
According to the company’s investor presentation, the debt-to-equity ratio has increased to 0.26 from 0.19. Despite the rise, leverage remains at a manageable level.
The company has been pursuing an aggressive land acquisition strategy to capitalize on rising housing demand. In the first quarter of FY26, Godrej Properties acquired five land parcels across Mumbai, Pune, Bengaluru, and Panipat, with a combined revenue potential of ₹11,400 crore. These acquisitions were executed through outright purchases and joint development agreements.
For FY26, the company has guided that it will acquire multiple land parcels for housing projects worth ₹20,000 crore, while targeting sales bookings of ₹32,500 crore. In FY25, Godrej Properties recorded ₹29,444 crore in sales bookings, a 31% increase from the previous year.
However, in Q1 FY26, sales bookings fell 18% year-on-year to ₹7,082 crore. On the financial front, the company posted a 15% rise in consolidated net profit to ₹598.40 crore, compared to ₹518.8 crore in the same quarter last year. Total income, meanwhile, declined to ₹1,620.34 crore from ₹1,699.48 crore in the year-ago period.
Over the past two financial years, Godrej Properties has maintained its position as India’s largest real estate firm by sales bookings, and is on track to retain this ranking for a third consecutive year if it achieves its FY26 targets.
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