Godrej Properties Q3 net up 26% at Rs 47 cr

Total income more than doubled at Rs 539 cr; re-appoints Pirojsha Godrej as MD & CEO for three years

Godrej Properties, the real estate development arm of Godrej Group posted a 26% jump in its net profit at Rs 47 crore in the third quarter of current financial yea. It was Rs 37 crore in the corresponding quarter of previous financial year.

The company's total income more than doubled at Rs 539 crore in Q3 of FY 2015 as compared to Rs 254 crore in Q3 of FY 2014.

The company re-appointed Pirojsha Godrej as MD & CEO for three years.

At 1410 hours on Tuesday, the company's scrip on BSE was trading 3.3% higher at Rs 275.