GODREJ PROPERTIES Q2 CONCALL : EXPECTS ₹22,500–25,000 CR H2 BOOKINGS, ₹32,000 CR LAUNCH PIPELINE & TARGETS 20% ROE IN FY28

• MANAGEMENT EXPECTS H2 FY27 BOOKINGS OF ₹22,500–25,000 CR, WITH FULL-YEAR BOOKINGS POTENTIALLY EXCEEDING ₹40,000 CR • H2 FY27 LAUNCH PIPELINE AT APPROXIMATELY ₹32,000 CR, WITH BOTH Q3 & Q4 EXPECTED TO BE EXCEPTIONALLY STRONG • APPROXIMATELY 80% OF Q3 LAUNCH APPROVALS ALREADY SECURED, WITH Q4 APPROVALS TARGETED TO REACH 80% BY LATE NOVEMBER TO MID-DECEMBER • MAJOR UPCOMING LAUNCHES INCLUDE BANDRA BAY IN MUMBAI, GODREJ VERANO IN GURUGRAM & PROJECTS IN NOIDA, THANE AND VIKHROLI • MANAGEMENT TARGETS H2 FY27 CASH COLLECTIONS OF ₹15,000 CR VS ₹9,666 CR ACHIEVED IN H1 • H2 OPERATING CASH FLOW EXPECTED AT ₹7,000 CR VS ₹1,983 CR GENERATED IN H1 • MANAGEMENT EXPECTS POSITIVE FREE CASH FLOW IN H2 FY27, WITH HIGH PROBABILITY OF POSITIVE FREE CASH FLOW IN Q4 • FY28 FREE CASH FLOW EXPECTED TO REMAIN POSITIVE, SUBJECT TO BUSINESS DEVELOPMENT SPENDING • MANAGEMENT TARGETS 20% REPORTED ROE IN FY28, SUPPORTED BY HIGHER PROJECT COMPLETIONS & REVENUE RECOGNITION • FY28 BOOKINGS GROWTH OF 10–15% CONSIDERED ACHIEVABLE, WHILE 15–20% GROWTH POSSIBLE WITH TIMELY PROJECT LAUNCHES • FY27 PROJECT DELIVERY TARGET MAINTAINED AT 13.5 MILLION SQ. FT., WITH STRONGER REPORTED PROFITABILITY EXPECTED FROM Q4 FY27 • SUSTENANCE SALES UP 83% YOY TO ₹5,054 CR, WHILE MANAGEMENT EXPECTS NEW LAUNCHES TO DRIVE HIGHER H2 SALES • H1 BUSINESS DEVELOPMENT ADDED PROJECTS WITH ₹15,500 CR BOOKING POTENTIAL, ACHIEVING APPROXIMATELY 78% OF ANNUAL GUIDANCE • MANAGEMENT MAINTAINS APPROXIMATELY 20% IRR HURDLE FOR NEW PROJECT ACQUISITIONS & TARGETS 15% BOOKINGS-TO-NET-PROFIT MARGIN • DELAYED PROJECT APPROVALS, CONSTRUCTION RESTRICTIONS, VOLATILE LAND ACQUISITION SPENDING & WEAK NEAR-TERM REPORTED EARNINGS REMAIN KEY RISKS

GODREJ PROPERTIES LTD

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