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Home >Companies >Godrej Properties posts muted profit as sales weaken
At 1pm, shares of the company were trading at `160.45, up 1.04%, while the Sensex was little changed at 20,761.29 points.
At 1pm, shares of the company were trading at `160.45, up 1.04%, while the Sensex was little changed at 20,761.29 points.

Godrej Properties posts muted profit as sales weaken

The developer said profit rose to `37 crore from `35 crore in the year-ago quarter

Mumbai: Godrej Properties Ltd, the real estate arm for the Godrej Group, posted a muted 5% increase in net profit for the December quarter as sales weakened.

The developer, which is in both residential and commercial real estate projects, said net profit rose to 37 crore from 35 crore in the year-ago quarter. Operating income contracted 9% to 242 crore. Sales slipped 11% to 213 crore.

On a stand-alone basis net profit slumped 34% to 18 crore.

At 1pm, shares of the company were trading at 160.45, up 1.04%, while the Sensex was little changed at 20,761.29 points.

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