Godrej Properties gains on stellar Q3 earnings

Godrej Properties rose 2.87% to Rs 274.15 at 15:25 IST on BSE after the company's consolidated net profit rose 26.44% to Rs 47.24 crore on 112.12% jump in total income to Rs 538.64 crore in Q3 December 2014 over Q3 December 2013.

The company announced results during market hours today, 27 January 2015.

Meanwhile, the S&P BSE Sensex was up 287.17 points or 0.98% at 29,566.01.

On BSE, so far 1.22 lakh shares were traded in the counter as against average daily volume of 96,584 shares in the past one quarter.

The stock of real estate company hit a high of Rs 280.70 and a low of Rs 267so far during the day. The stock had hit a 52-week high of Rs 283 on 8 December 2015. The stock had hit a 52-week low of Rs 153.90 on 30 January 2014.

Godrej Properties reported 37% growth in volume and 28% growth in value of sales bookings in Q3 December 2014 over Q3 December 2013. Q3 December 2014, witnessed total booking value of Rs 548 crore and total booking volume of 701,729 square feet (sq.ft.) as compared t o total booking value of Rs 428 crore and total booking volume of 513,641 sq.ft. in Q3 December 2013. Residential projects recorded booking value of Rs 370 crore and booking volume of 644,718 sq.ft. Commercial projects witnessed booking value of Rs 178 crore and booking volume of 57,011 sq. ft., company said

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