Godrej Properties’ net debt jumps 42% in Q1 FY26

Mumbai, Aug 17: Real estate major Godrej Properties has seen its net debt rise sharply by 42 per cent in the June quarter (Q1 FY26) to Rs 4,637 crore, compared with Rs 3,269 crore in the same quarter of the previous financial year.

The increase comes as the company continues to aggressively expand its housing portfolio to tap into strong demand in the real estate market.

According to the company’s latest investor presentation, the debt-to-equity ratio increased to 0.26 from 0.19. Despite the rise, the firm said its leverage remains at a comfortable level.

Speaking to analysts, Godrej Properties Managing Director and CEO Gaurav Pandey said the company has capped its net debt at Rs 10,000 crore.

He explained that even at this level, the debt-to-equity ratio would only touch around 0.5, which the company considers manageable.

Pandey added that the firm has sufficient cash flow from operations and borrowing capacity to support its short-term requirements.