Godrej Properties Q1 net profit rises up to 71%
1 Comment Sub Category:Apartment News,Celebration,Cities,Community,Real estate trends Posted On: Jul 31, 2012
Godrej Properties, the real estate arm of Godrej Group has registered 70.64 per cent growth in consolidated net profit at Rs 17.15 crore for the quarter ended June 30 due to strong sales.
The company had registered net profit of Rs 10.05 crore in the corresponding period last year. The firm’s total income grew by 72.82 per cent of Rs 232.8 crore compared to Rs 134.7 crore last year.
During the quarter, the company launched two projects Godrej Serenity, a premium residential project in Mumbai and phase-I of Godrej Horizon in Pune.
The total booking value during the period grew to Rs 525.2 crore as against Rs 240.8 crore last year same period.
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Buildings, constrction, godrej property, Mumbai, Profit, Pune, Realty News
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