Godrej Properties has registered results for second quarter ended 30th September, 2016.
The company has reported a net profit of Rs 9.36 crores for the quarter under review as compared to a net loss of Rs 12.48 crores for the same quarter in the previous year. Total income of the company decreased by 24.76 per cent at Rs 115.29 crores for the quarter under review as compared Rs 153.22 crores for the corresponding quarter previous year.
On the consolidated basis, the company has reported 77.40 per cent fall in its net profit after minority interest at Rs 23.48 crores for the quarter ended September 30, 2016 as compared to Rs 103.91 crores for the same quarter in the previous year. Total Income of the company has decreased by 73.41 per cent to Rs 359.04 crores for quarter under review from Rs 1350.03 crores for the quarter ended 30th September, 2015.
Godrej Properties share price opened at Rs 352.00 on NSE from a previous closing of Rs 350.45. The share price is currently trading at Rs 344.00, down by 1.84 per cent or 6.45 points at the moment. The intraday high and the intraday low of the share are Rs 353.80 and Rs 344.00 respectively. As of now, 30,609 shares of the company have been traded on the counter of NSE aggregating to a total amount of Rs 106.33 lacs.
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Godrej Properties Limited is a real estate company with its head office in Mumbai of India. A subsidiary of Godrej Industries Limited, the company was established in 1990 under the leadership of Adi Godrej. The company is currently developing projects that are estimated to cover more than 89.7 million square feet.
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