Godrej Properties Q1 net falls 55% to Rs 10 cr

Godrej Properties today reported 55.17% decline in its consolidated net profit for the quarter ended June 30 at Rs 10.06 crore.

The compnay had posted a net profit of Rs 22.44 crore in the corresponding period last year, Godrej Properties said in a filing to the Bombay Stock Exchange (BSE).

The consolidated total income from operations, however, increased by over three-fold to Rs 130.62 crore from Rs 41.21 crore, it added.

Reacting to the results, shares of the company were trading 1.74% up at Rs 814 on the BSE in the late afternoon trade.