Shares of Godrej Properties today fell by 2.5 per cent after the company reported 65.41 per cent decline in consolidated net profit for the quarter ended June 30.
The stock dropped 2.50 per cent to close at Rs 724.55 on BSE. Intra-day, it slipped 4.11 per cent to Rs 712.50.
At NSE, shares of the company went down by 1.44 per cent to end at Rs 732.50.
Realty firm Godrej Properties today said its consolidated net profit fell by 65.41 per cent to Rs 34.3 crore for the first quarter this fiscal.
Its net profit stood at Rs 99.17 crore in the year-ago period.
Total income, however, rose 18.96 per cent to Rs 1,066.73 crore in the quarter from Rs 896.71 crore in the same period last year, Godrej Properties said in a regulatory filing.
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