Its net profit stood at Rs 43.47 crore in the year-ago period.
Total income, however, rose 3 per cent to Rs 345 crore in the first quarter of this fiscal from Rs 333 crore in the corresponding period of the previous year.
"Our total sales for Q1 FY18 stood at Rs 1,474 crore which was our highest-ever residential sales in a quarter. We also added four new projects to our portfolio and had one of our best-ever quarters in terms of operating cash flow. We look forward to building on this momentum in the year ahead," said Pirojsha Godrej, Executive Chairman, Godrej Properties.
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