Godrej Properties says it will generate over ₹20,000 crore in operating cash flow by FY28, a target announced in the same period the company reported a 42% drop in quarterly net profit.
Godrej Properties Executive Chairperson Pirojsha Godrej says the company will generate more than ₹20,000 crore in operating cash flow across the current and next fiscal year. This comes in the same window the company reported a 42% decline in consolidated net profit to ₹349.38 crore for the June quarter, down from ₹598.40 crore a year earlier.
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Godrej's Q1 FY27 sales bookings, in contrast to the weak profit figure, grew 22% year-on-year to ₹8,651 crore, the strongest quarterly bookings among all 28 major listed developers this quarter. Profit reflects revenue recognized on completed and delivered units, while bookings reflect fresh sales that won't show up in reported income for years. A weak profit quarter paired with a record bookings quarter is exactly the pattern you'd expect from a pipeline still under construction.
Pirojsha Godrej was direct about one specific soft spot: the company delivered only 0.9 million sq ft during the June quarter, against a full-year target of 13.5 million sq ft for FY27. He said the company would still meet that target despite the slow start, putting real pressure on the remaining three quarters.
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Godrej framed the ₹20,000 crore figure around funding continued business expansion, backed by real land acquisition activity, including a recent 4.95-acre Sector 151 Noida parcel worth an estimated ₹2,000 crore in revenue potential.
We'd treat this guidance as a funding plan for land already being committed to, not a comfort statement about the weak quarter. The number worth actually tracking over the next two quarters isn't the cash flow figure at all, it's whether delivery volumes climb back toward that 13.5 million sq ft target, since that's the specific metric management itself flagged as the current weak point.
