Godrej Properties Q2 net profit rises 54 pc to Rs 54.96 cr

Godrej Properties Ltd said it has acquired 12 acres of land in Pune for the development of a housing project that has an estimated sales revenue potential of about Rs 2,000 crore.

PTI

Updated:9th Nov, 2022 at 1:45 PM

NEW DELHI: Realty firm Godrej Properties on Wednesday reported a 54 per cent increase in its consolidated net profit to Rs 54.96 crore for the second quarter ended September on higher income.

Its net profit stood at Rs 35.73 crore in the year-ago period. Its total income also rose to Rs 369.20 crore in the second quarter of this fiscal from Rs 334.22 crore a year ago, according to a regulatory filing.

On Tuesday, Godrej Properties Ltd said it has acquired 12 acres of land in Pune for the development of a housing project that has an estimated sales revenue potential of about Rs 2,000 crore.

Godrej Properties, which is part of the business conglomerate Godrej Group, is one of the leading real estate developers in the country.

Godrej Properties Q2 net profit rises 54 pc to Rs 54.96 cr

Godrej Properties Ltd said it has acquired 12 acres of land in Pune for the development of a housing project that has an estimated sales revenue potential of about Rs 2,000 crore.

Also Read

Scandal-hit TVK likely to crack whip on Dy Speaker, Kallakurichi MLA

Declining interests in Maths courses can hamper AI growth in Tamil Nadu

Chennai: No place to go when nature calls with public toilet closed on Arcot Road

MKB Nagar residents at risk of electrocution with power cables at their doorstep

Three contract workers die after inhaling toxic gas at Tata plant in Krishnagiri