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200% Dividend Declared: Godrej Properties declares highest ever dividend; check record date
Godrej Properties announces 200 per cent dividend worth Rs 301 crore alongside strong Q4FY26 earnings; stock rallies over 6 per cent.
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Godrej Properties shares rise after 200 per cent dividend announcement and strong Q4 earnings.
Written By: Shweta Birendra Shukla
Updated: Mon, May 04, 2026
04:18 PM IST
04:18 PM IST
New Delhi
200% Dividend Declared: Godrej Properties on Monday announced a 200 per cent dividend of Rs 10 per share for FY26, alongside a strong Q4 performance with profit at around Rs 650 crore and revenue at Rs 3,458 crore. The announcements lifted investor sentiment, pushing the stock up over 6 per cent intraday.
Godrej Properties declares highest-ever dividend since listing
The company’s board approved a final dividend of Rs 10 per equity share (face value Rs 5), translating into a total payout of about Rs 301.20 crore. This is the highest dividend declared by the company since its listing and also the first since 2015, when it had paid Rs 2 per share.
The record date to determine shareholder eligibility has been fixed as July 28, 2026. The dividend is subject to approval at the upcoming annual general meeting and, if cleared, will be paid before September 3, 2026.
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Godrej Properties Q4 profit and revenue see strong growth
For the March quarter, the company reported profit of around Rs 650 crore, compared to Rs 382 crore in the year-ago period, reflecting strong growth.
Revenue for the quarter rose to Rs 3,458 crore from Rs 2,122 crore, driven by higher execution and project completions. At the operating level, EBITDA stood at Rs 522 crore, while margins improved to 15.1 per cent from 5.2 per cent, indicating better operating leverage.
Total income for the quarter came in at Rs 3,806.65 crore, up from Rs 2,681.06 crore a year ago. Total expenses rose to Rs 3,023.14 crore from Rs 2,078.82 crore, largely due to higher construction activity and project-related costs as execution picked up.
At the operating level, EBITDA was reported at Rs 522.24 crore, compared to Rs 109.96 crore in the year-ago period. Margins expanded to 15.10 per cent from 5.18 per cent, reflecting operating leverage as revenue scaled up.
Finance costs rose slightly to Rs 51.63 crore from Rs 45.98 crore, while depreciation and amortisation expenses increased to Rs 35.62 crore from Rs 21.07 crore. Profit after tax stood at Rs 645.44 crore, compared to Rs 378.44 crore a year earlier. Earnings per share for the quarter came in at Rs 21.58 versus Rs 12.68 in the corresponding period last year.
For the full financial year FY26, the company reported performance ahead of its stated guidance on several parameters. Launch value stood at Rs 42,200 crore, exceeding the guidance of Rs 40,000 crore. Booking value came in at Rs 34,171 crore against a target of Rs 32,500 crore.
Customer collections were slightly below expectations at Rs 19,965 crore, compared to the guidance of Rs 21,000 crore. However, deliveries during the year reached 12.1 million square feet, surpassing the guidance of 10 million square feet.
Business development saw a strong outperformance, with Rs 42,100 crore achieved against a target of Rs 20,000 crore.
Looking ahead, the company has outlined its plans for FY27. It has set a launch guidance of Rs 48,000 crore and booking value of Rs 39,000 crore.
Customer collections are expected at Rs 24,000 crore, while deliveries are projected at 13.5 million square feet. Business development guidance has been maintained at Rs 20,000 crore.
Stock gains on strong updates
Shares of Godrej Properties reacted positively to the developments. The stock surged as much as 6.36 per cent to hit Rs 1,951, its highest level since January 13.
It later pared some gains but was still trading 2.63 per cent higher at Rs 1,883.40 in afternoon trade, outperforming the broader Nifty 50.
Stock performance trend
Despite the recent rally, the stock has seen some pressure over the past year. It is down 16.66 per cent over the last 12 months and has declined 6.46 per cent so far in 2026.
Outlook
The combination of a record dividend and strong quarterly performance has supported near-term sentiment. Going ahead, investors will watch execution momentum, demand trends and the company’s ability to sustain growth while maintaining margins.
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Shweta Birendra Shukla
Shweta Birendra Shukla
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