Godrej Properties posts Rs 20.23 cr loss in Q1; income dips to Rs 195.66 cr

Total income also declined to Rs 195.66 crore in the first quarter of the fiscal, from Rs 713.84 crore last year

Realty firm Godrej Properties on Wednesday reported a consolidated net loss of Rs 20.23 crore for the quarter ended June.

Its net profit stood at nearly Rs 90 crore in the year-ago period.

Total income also declined to Rs 195.66 crore in the first quarter of the fiscal, from Rs 713.84 crore in the corresponding period of the previous year, according to a regulatory filing.

During the last fiscal year, net profit stood at Rs 267.21 crore on a total income of Rs 2,914.59 crore.

Godrej Properties is the real estate arm of the Godrej group.