Godrej Properties (GPL) has reported a 33.65% fall in consolidated net profit for the quarter ended March 31 at Rs 39.80 crore. The company had registered a net profit of Rs 59.99 crore in the corresponding period last fiscal. Total income grew 11.28% at Rs 373.18 crore as against Rs 333.53 crore in the year-ago period.
For the full fiscal, the company posted a 25.16% decline in consolidated net at Rs 97.93 crore compared to Rs 130.86 crore last fiscal. However, its total income for the year stood at Rs 819.81 crore, up 46.68% as against Rs 558.91 crore in FY11.
During the quarter, it finalized joint development agreement to redevelop 18 residential buildings at Sahakar Nagar near Chembur in Mumbai, spread across 14,600 sq metres, with a saleable area of 6 lakh sq ft. It also signed tripartite agreement for the project where it will be entitled to 87.5% revenues.
Company Name | CMP |
---|---|
Dilip Buildcon | 456.45 |
Macrotech Developers | 1468.00 |
NBCC (India) | 157.65 |
Prestige EstatesProj | 1842.65 |
DLF | 859.25 |
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