Godrej Properties Witnesses a Dip in Operating Profit
Godrej Properties is considered as the most promising Indian real estate companies.The company has published its last quarterly performance report.
The report shows that the consolidated net sales has grown by 8% while the operational profit of the company has dropped by 17.4 percent.
The majority of the income of the company came from the projects related to group of companies, while individual residential projects across India returned negligible margin for the company.
The total debt amount of Godrej Property is Rs 1554 crore and the debt equity ratio is 0.85 percent.
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Source: Economic Times
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