Godrej Properties net surges 16%
Realty firm Godrej Properties on Saturday reported 16% increase in its consolidated net profit to R45.61 crore for the quarter ended June on higher sales. Net profit stood at R39.47 crore in the year-ago period. Income rose by 49% to R363 crore in the first quarter of this fiscal compared with R244 crore in the same period of the previous year, Godrej Properties, realty firm of the Godrej Group, said. In the quarter ended June, sales bookings rose to R824 crore from R606 crore in the year-ago period. In volume terms, sales bookings increased to 1.09 million sqft from 0.6 million sqft in the period under review.
Godfrey Phillips profit up 3 times
Cigarette-maker Godfrey Phillips India on Saturday reported over three-fold jump in standalone net profit at R80.19 crore for the first quarter ended June 30. It had reported a standalone net profit of R23.35 crore in the same quarter a year ago. Net sales rose to R683.29 crore, up 13.86%, from R600.07 crore in the same period last fiscal, the company said in a filing. Overall expenses stood at R583.22 crore, against R558.51 crore in the same period last year. Godfrey Phillips said the government's decision to hike excise duty may have a bearing on the financial performance of the company in the remaining year.