Godrej Properties has reported results for its first quarter ended June 30, 2011.
The company posted 70.89% decline in its net profit at Rs 6.35 crore for the quarter ended June, 2011, as against Rs 21.82 crore in the same quarter of the previous fiscal. Revenues rose by 173.45% at Rs 73.64 crore in the first quarter of 2011, compared to Rs 26.93 crore in the corresponding year-ago period.
The company has reported a 55.17% decline in its consolidated net profit for the quarter ended June 30 at Rs 10.06 crore against Rs 22.44 crore in the corresponding period last year. The consolidated total income from operations increased by 216.96% to Rs 130.62 crore from Rs 41.21 crore.