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Godrej Properties reports 66% rise in Q2 consolidated net profit

05 Nov 2019 Evaluate

Godrej Properties has reported results for second quarter ended September 30, 2019.

The company has reported a fall of 33.46% in its net profit at Rs 17.56 crore for the quarter under review as compared to Rs 26.39 crore for the same quarter in the previous year. Total income of the company decreased by 21.96% at Rs 217.34 crore for Q2FY20 as compared Rs 278.49 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 66.21% in its net profit at Rs 34.19 crore for the quarter under review as compared to Rs 20.57 crore for the same quarter in the previous year. However, total income of the company decreased by 18.88% at Rs 395.11 crore for Q2FY20 as compared Rs 487.07 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Lodha Developers 1085.80
Prestige EstatesProj 1427.85
Dilip Buildcon 405.85
DLF 623.00
Oberoi Realty 1710.20
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