Godrej Properties posted a sharp 27% year-on-year jump in the consolidated net profit to R47 crore, aided by a significant drop in minority interest and strong revenues in the quarter ended December 31, 2014.
Consolidated total income more than doubled to R539 crore y-o-y, with a growth in volume and value of sales bookings. Total booking value grew by 28% y-o-y to R548 crore and total booking volume increased by 37% y-o-y to over 7 lakh sq ft. The commercial projects constituted 50% of the total revenues, majority of which came through sales in Godrej BKC. GPL garnered R229 crore of income via sale of office space in the project.
