Godrej Properties Q2 net profit up 36% at Rs. 46.6 cr
Realty firm Godrej Properties Ltd today reported a 36 per cent increase in its consolidated net profit at Rs. 46.6 crore for the quarter ended September 30.
It had posted a net profit of Rs. 34.25 crore in the year-ago period.
Total income from operations fell to Rs. 293.97 crore during the second quarter of this fiscal from Rs.306.49 crore in the corresponding period of the last fiscal, Godrej Properties, which is a part of Godrej Group, said in a statement.
Commenting on the financial performance, Godrej Properties Managing Director & CEO Pirojsha Godrej said: “We are pleased with the company’s performance in 2014. The response to our new project launches across the country has been excellent. We look forward to delivering an even stronger performance in H2 FY15”. Business Line
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