Godrej Properties profit jumps 21%, beats Street

GODREJ PROPERTIES POSTED a 21% year-on-year rise in net profit to ₹405 crore in the second quarter of FY26, beating analyst estimates. Sequentially, profit grew 33%.

- RAGHAVENDRA KAMATH

The company had posted a profit of ₹335 crore in the year-ago period, and analysts estimated profit to rise to ₹349 crore in the second quarter of the current financial year.

However, the company missed analyst estimates on revenues by a wide margin and posted a revenue of ₹740 crore, down 32% from ₹1,093 crore in the year-ago period. Analysts expected a revenue of 1,223 crore. The company posted a negative Ebitda of ₹513 crore (excluding other income) compared to the Ebitda of ₹32 crore in Q2FY25.