 "Godrej Properties net up 5%")
Property developer Godrej Properties today posted 5% jump in its net profit for the September quarter of the current financial year.
The company posted a net profit of Rs 34.25 crore for the Q2 of FY14 as compared to Rs 32.58 crore in the corresponding quarter of previous financial year. The company has given minority interest of Rs 26.33 crore during the September quarter of FY14 as compared to Rs 16.36 crore during Q2 of FY13.
The company's total income went up 31% during the quarter at Rs 306.49 crore during the quarter compared to Rs 232.74 crore during Q2 of FY13.
During the quarter, the company bought back 49% stake in Godrej Sea View Properties from HDFC Portfolio Management Services.
Godrej Properties stock was trading at Rs 368.90, nearly 0.50% higher from previous close.
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