Godrej Properties Ltd will generate more than Rs 20,000 crore of operating cash flow during the current and next fiscal, enabling the company to continue investing in business expansion, its executive Chairperson Pirojsha Godrej said.

Pirojsha highlighted that the company’s operational performance was quite strong in the June quarter with sales bookings rising 22 per cent to Rs 8,651 crore, PTI reported.

He noted that consistent sales growth is creating high visibility for both cash flows and earnings. “Actually, this was the sixth consecutive quarter where we had over Rs 7,000 crore of sales booking values”.

Pirojsha exuded confidence that the company is on track to meet or exceed guidance across all parameters — sales bookings, launches, collections from customers and land acquisition.

The company is also on track to achieve the guidance of 20 per cent ROE (return on equity) for the next financial year.

“In addition, we think the operating cash flow of the company, while a bit weak in Q1, is actually set to expand very rapidly. Between this quarter and Q4, FY28, so in the next seven quarters essentially, we expect operating cash flow of over ₹20,000 crore, which will create a huge amount of ability to continue to invest for growth, while also allowing us hopefully next year to be free cash flow positive,” Pirojsha said.

Godrej Properties, the largest listed real estate developer in terms of sales bookings, has been investing heavily on land acquisition to build housing projects amid a surge in demand after the COVID pandemic, especially for big branded players.

During the first quarter of this fiscal, the company’s investments on construction and related activities rose 54 per cent annually to ₹2,244 crore, as it seeks to ramp up execution capabilities.