Godrej Properties net profit up 54% to Rs 55 cr, net income grows 13%

Company says it has added 6 new projects with a total saleable area of 6.34 million sq ft

Godrej Properties on Wednesday reported a 54 per cent increase in its consolidated net profit to Rs 55 crore for the quarter ended September.

Net profit of the Godrej group subsidiary stood at Rs 36 crore in the corresponding quarter last year.

In the second quarter of this financial year, Godrej Properties had total bookings worth Rs 2,409 crore and a total booking volume of 2.71 million sq ft. 

Net sales increased by 28 per cent and stood at Rs 165.09 crore in Q2. However, net sales stood at Rs 129.32 crore in the previous year quarter.

The realty firm’s