Godrej Properties posts 27% y-o-y jump in net on strong revenues

By: |
Mumbai | January 28, 2015 3:44 AM

Godrej Properties posted a sharp 27% year-on-year jump in the consolidated net profit to Rs 47 crore, aided by a significant drop...

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.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1DHFL assets: Piramal, Oaktree, Adani may bid for entire book
2Lakshmi Vilas Bank-DBS merger gets Cabinet nod, effective November 27
3Interview: ‘JSW Cement in talks to raise $200 m by March 2021, to list by December 2022’