Godrej Properties shares gain 2% after Q3 profit jumps 23%; check outlook

Godrej Properties reported a 23 per cent increase in its consolidated net profit to ₹193.87 crore for the quarter ended December, despite lower income

Shares of Godrej Properties rose over 2 per cent on Friday after the company reported a 23 per cent jump in its net profit for the third quarter of the current financial year (Q3-FY26)

 

The realty firm's stock rose as much as 2.2 per cent during the day to ₹1,725.8 per share, the biggest intraday gain since February 3 this year. Godrej Properties stock pared gains to trade 0.7 per cent higher at ₹1,701.3 apiece, compared to a 0.13 per cent decline in Nifty 50 as of 9:20 AM. 

 

Shares of the company currently trade at 1.2 times the average 30-day trading volume, according to Bloomberg. The counter has fallen 15 per cent this year, compared to a 2 per cent decline in the benchmark Nifty 50. Godrej Properties has a total market capitalisation of ₹51,205.08 crore.   CATCH STOCK MARKET UPDATES TODAY LIVE

Godrej Properties Q3 results 

The realty firm reported a 23 per cent increase in its consolidated net profit to ₹193.87 crore for the quarter ended December despite lower income. Its net profit stood at ₹158.20 crore in the year-ago period.

 

Total income declined to ₹1,033.84 crore during the third quarter of this fiscal from ₹1,239.97 crore in the corresponding period of the preceding year. 

 

"With a robust launch pipeline, strong balance sheet, and resilient demand, we are confident of ending FY26 as our best ever year across all key operating metrics and of delivering sustained high-quality performance in the years ahead," Pirojsha Godrej, Executive Chairperson of Godrej Properties, said.  ALSO READ | Suzlon Energy share price drops 5% as net profit declines QoQ in Q3FY26

Analysts on Godrej Properties earnings 

Antique Stock Broking said Godrej Properties is likely to surpass its pre-sales guidance in FY26, supported by a strong and diversified project pipeline, resilient demand across markets, and execution strength. The brokerage expects Godrej Properties' pre-sales to touch around ₹35,000 crore in FY26 and believes the company will also meet its guidance on collections, deliveries, business development, and launches.

 

However, Antique has marginally cut its FY27 and FY28 pre-sales estimates by 2 per cent each to ₹38,500 crore and ₹42,400 crore, respectively. It has also reduced the embedded EV/Ebitda multiple to 6x from 8x, citing expectations of low double-digit pre-sales growth.

 

Despite the revisions, Antique noted that GPL, with a meaningful presence across all five key housing markets, remains well-positioned to benefit from the sustained momentum in the housing sector. The brokerage maintained its 'Buy' rating on the stock but lowered the target price to ₹2,049 from ₹2,723.

 

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