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Embassy REIT reports marginal decline in Q1 net profit at Rs 204 cr

It announced distribution of Rs 449.9 crore to its unitholders as dividend and interest income

Embassy group may defer Reit listing till 2018
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The rental collections from office occupiers remained robust at 98.9 per cent, CEO, Embassy Office Parks REIT said in a virtual press conference

Press Trust of India New Delhi

Embassy Office Parks REIT on Thursday reported a marginal decline in its consolidated net profit to Rs 204.23 crore for the quarter ended June as the hospitality business was affected due to lockdown.

It announced distribution of Rs 449.9 crore to its unitholders as dividend and interest income.

The company's profit stood at Rs 222.03 crore in the year-ago period.

Total income also dipped to Rs 549.23 crore in the first quarter of the current fiscal from Rs 554.1 crore in the corresponding period of the previous year.

The board of directors of Embassy Office Parks Management Services, which is a manager to Embassy