 "Godrej BKC is in MMR | Photo: godrejproperties.com")
Godrej Properties has rallied 12% to Rs 389 on the BSE after the company reported a better than expected more than two-fold jump in its consolidated net profit at Rs 77 crore for the quarter ended December 2016 (Q3FY17). The Mumbai-based real estate developer had reported profit of Rs 27 crore in the same quarter last fiscal.
Total income from operations jumped 110% from Rs 518 crore during the quarter under review against Rs 247 crore in the corresponding quarter of previous year.
Analysts on an average expected profit of Rs 40 crore on income of Rs 391
Total income from operations jumped 110% from Rs 518 crore during the quarter under review against Rs 247 crore in the corresponding quarter of previous year.
Analysts on an average expected profit of Rs 40 crore on income of Rs 391
