According to its latest investor presentation, the company’s debt-to-equity ratio has risen to 0.26 from 0.19, but it is still at a very comfortable level.
In a conference call with analysts, Godrej Properties MD and CEO Gaurav Pandey said, “From a debt perspective, we have laid out an absolute cap that we would like to look at for net debt of ₹10,000 crore.
Also Read: Godrej Properties targets 20% growth in FY26 bookings
So, we do have a fair amount of room, and even that would only take us to about 0.5 or a little bit above that range.” He noted that there are more than enough sources of cash, both from operating cash flow and room to borrow a little bit in case there is any short-term need.”
“But I think the decider of exactly where debt ends this year will be how much beyond this ₹20,000 crore guidance, we are able to do on business development,” Pandey said.
In the last few years, Godrej Properties has been very aggressive in the acquisition of land parcels to build group housing projects as well as plotted (residential) development. For the current 2025-26 financial year, the company has given guidance that it will acquire multiple land parcels to build housing projects worth ₹
20,000 crore.
During the first quarter of this fiscal year, Godrej Properties acquired five land parcels to build housing projects with a revenue potential of ₹11,400 crore. The company acquired these five new land parcels in Mumbai, Pune, Bengaluru and Panipat. These acquisitions were through outright purchase and joint development agreements with land owners.
Also Read: Godrej Properties Q1 Results: Management says on track to meet or exceed FY26 guidance
Godrej Properties has maintained that it is on track to meet or even exceed the ₹32,500 crore sales bookings target for this fiscal. During the 2024-25 fiscal year, the company’s sales booking rose 31% to a record of ₹29,444 crore from ₹22,527 crore in the preceding year.
In the first quarter of this fiscal, Godrej Properties reported an 18 per cent decline in its pre-sales or sales bookings to ₹7,082 crore. During the last two financial years, Godrej Properties was the country’s largest real estate firm in terms of sales bookings. The company is likely to retain its top rank for the third consecutive fiscal year if it achieves the sales bookings target of ₹32,500 crore.
On the financial front, Godrej Properties recently reported a 15 per cent increase in its consolidated net profit to ₹598.40 crore in the first quarter of this fiscal as against ₹518.8 crore in the year-ago period.
Also Read: Godrej Properties sets ₹32,500 crore sales target for FY26
Total income, however, fell to ₹1,620.34 crore in the April-June period of 2025-26 fiscal against ₹1,699.48 crore in the corresponding period of the preceding year. The Mumbai-based firm posted a net profit of ₹1,389.23 crore on a total income of ₹6,967.05 crore during the last financial year.
