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Godrej Properties reports 65.41 percent decline in net profit

The stock dropped 2.50 percent to close at Rs 724.55 on BSE. Intra-day, it slipped 4.11 percent to Rs 712.50.


PTI Last Updated at 02 Aug 2018, 16:08 IST India

Shares of Godrej Properties today fell by 2.5 percent after the company reported 65.41 percent decline in consolidated net profit for the quarter ended June 30.

The stock dropped 2.50 percent to close at Rs 724.55 on BSE. Intra-day, it slipped 4.11 percent to Rs 712.50.

At NSE, shares of the company went down by 1.44 percent to end at Rs 732.50.

Realty firm Godrej Properties today said its consolidated net profit fell by 65.41 percent to Rs 34.3 crore for the first quarter this fiscal.

Its net profit stood at Rs 99.17 crore in the year-ago period.

Total income, however, rose 18.96 percent to Rs 1,066.73 crore in the quarter from Rs 896.71 crore in the same period last year, Godrej Properties said in a regulatory filing.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY :
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