Business

Godrej Properties Shares Drop 2.06% as Quarterly Profit Declines

AI Notice: Content is aggregated and summarized using Artificial Intelligence. Details may contain inaccuracies. Please verify facts independently before making financial or investment decisions.

On Wednesday, the stock of Godrej Properties slipped 2.06% to Rs 1,996.00, making it one of the biggest losers on the Nifty Midcap 150. The fall was recorded at 11:51 a.m. in the trading session.

In the latest quarter ending June 30, 2026, revenue rose to Rs 506.17 crore from Rs 434.56 crore in the same period last year. However, net profit dropped to Rs 357.91 crore from Rs 625.59 crore, and EPS fell to Rs 11.62 from Rs 19.92.

On a yearly basis, the company has shown steady growth. Revenue climbed from Rs 1,824.88 crore in 2022 to Rs 5,131.43 crore in 2026. Net profit grew from Rs 539.28 crore to Rs 1,877.41 crore, and EPS increased from Rs 12.68 to Rs 61.43.

Key financial ratios paint a mixed picture. The price‑to‑earnings ratio fell to 23.95 in March 2026 from 43.44 in March 2025, while the price‑to‑book ratio dropped to 2.31 from 3.70. Debt‑to‑equity rose to 0.82, but interest coverage improved to 20.92, and gross profit margin rose to 55.79%.

In August 2026, the company allotted 535 equity shares under an ESOP/ESPS plan. Earlier that month it published its unaudited quarterly results and held its Annual General Meeting on August 4. It also declared a final dividend of Rs 10.00 per share, payable on July 28, 2026.

Other historical actions include a 2013 stock split from Rs 10 to Rs 5 face value and a rights issue with an 8:29 offer ratio. The company remains a constituent of the Nifty Midcap 150 index, with its last traded price at Rs 1,996.00.

Investors should note the company’s strong long‑term growth but watch quarterly earnings for short‑term volatility.