Godrej Properties reports around three fold rise in Q3 consolidated net profit

02 Feb 2017 Evaluate

Godrej Properties has reported results for third quarter ended December 31, 2016. 

The company has reported over three fold rise in its net profit at Rs 89.41 crore for the quarter under review as compared to Rs 26.11 crore for the same quarter in the previous year. Total income of the company increased by 44.64% at Rs 224.05 crore for the quarter under review as compared Rs 154.90 crore for the corresponding quarter previous year.     

On the consolidated basis, the company has reported around three fold rise in its net profit after minority interest at Rs 77.26 crore for the quarter ended December 31, 2016, as compared to Rs 27.06 crore for the same quarter in the previous year. Total income of the company increased by 95.61% at Rs 551.66 crore for the quarter under review as compared Rs 282.02 crore for the corresponding quarter previous year. 

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