Business

Godrej Properties Q4 profit drops 35 pc to Rs 101.08 cr

Realty firm Godrej Properties on Monday reported a 35 per cent fall in its consolidated net profit at Rs 101.08 crore for the quarter ended March due to higher expenditure.

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Published:11th May, 2020 at 12:42 PM

New Delhi

Its net profit stood at Rs 156.66 crore in the year-ago period, the company said in a regulatory filing.

Total income, however, rose to Rs 1,288.17 crore in the fourth quarter of the last fiscal year from Rs 1,203.21 crore in the previous year.

The Mumbai-based firm's net profit rose to Rs 267.21 crore during the full 2019-20 financial year from Rs 253.15 crore in the previous year.

Meanwhile, the total income fell to Rs 2,914.59 crore during the last fiscal year from Rs 3,221.98 crore in financial year 2018-19.

Godrej Properties is the real estate arm of the business conglomerate Godrej Group.

Shares of the company were trading at Rs 619.35 apiece, up 0.32 per cent from their previous close on BSE.

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