Godrej Properties Q2 net profit down

Godrej Properties Q2 net profit down
10/11/2016 , by , in News/Views

Godrej Properties, the real estate development arm of Godrej Group, has reported 77% on-year decline in its consolidated net profit at Rs 23 crore for the quarter ended September.

“I am extremely encouraged by the response to our new project launch in Thane. We have followed that up with another successful launch in Greater Noida in Q3 FY17. With a number of important launches, I expect a strong second half of the financial year,” said Pirojsha Godrej, Managing Director & CEO Godrej Properties.

The company witnessed total bookings valued at Rs 600 crore with booking volume of 736,891 sq ft. Out of this; residential projects recorded booking value of Rs 478 crore and booking volume of 686,028 sq ft during the quarter. Commercial projects recorded booking value of Rs 122 crore and booking volume of 50,863 sq ft.

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