Godrej Properties reports 78% fall in Q2 consolidated net profit

03 Nov 2020 Evaluate

Godrej Properties has reported results for second quarter ended September 30, 2020.

The company has reported 88.68% fall in its net profit of Rs 10.92 crore for the quarter under review as against net profit of Rs 96.44 crore for the same quarter in the previous year. Total income of the company decreased 58.46% at Rs 228.75 crore for Q2FY21 as compared Rs 550.62 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 77.51% fall in its net profit attributable to equity holders at Rs 7.10 crore for the quarter under review as against net profit of Rs 31.57 crore for the same quarter in the previous year. Total income of the company decreased by 36.67% at Rs 250.23 crore for Q2FY21 as compared Rs 395.11 crore for the corresponding quarter previous year.

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