Godrej Properties posts loss of Rs 192 cr in Q4, total income falls 60%

Godrej Properties, part of the Godrej Group, posted a loss of Rs 192 crore in Q4FY21 as compared to a profit of Rs 102 crore in Q4FY20 owing to weak home sales in top cities. The company posted a quarterly loss for the first time in the last one year. Last year, it posted a loss in the June quarter of FY20.

The company's total income fell 60 per cent to Rs 508 crore in Q4FY21 as against Rs 1,261 crore in the corresponding period last year.

However, the company said it recorded the highest ever quarterly collection of Rs 2,041 crore