Godrej properties post net profit of 41.3 crores in December quarter

Godrej Properties Monday reported a consolidated net profit of Rs 41.63 crore for the third quarter of 2018-19 on higher sales. It had posted a net loss of Rs 54.75 crore in October-December 2017, the company said in a regulatory filing. Total income rose to Rs 430.70 crore in the reported quarter from Rs 308.29 crore in the year-ago period. Godrej Properties is a real estate arm of business conglomerate Godrej group. Shares of Godrej Properties were trading at Rs 747.40 apiece, up 0.24 per cent from the previous close, on BSE.