Godrej Properties Q1 Results: Net Profit Up 12.5% To Rs 205 Crore, Revenue Drops 41% YoY

Godrej Properties Q1 Results: Godrej Properties Ltd.'s profit was rose in the quarter ending in June. The real estate developer's profit advanced 12.5% year-on-year to Rs 205 crore for the April-June period, from Rs 182 crore in the corresponding quarter in the year-ago period.

Meanwhile, the company's revenue from operations (topline) declined 41% to Rs 435 crore, as compared with Rs 739 crore during the same quarter last year.

• Revenue down 41% to Rs 435 crore versus Rs 739 crore

• Ebitda loss was at Rs 243.29 compared to Rs 125 crore

• Net profit up 12.5% to Rs 205 crore versus Rs 182 crore

Shares of Godrej Properties were trading 1.95% lower at Rs 2,061.8 apiece on the NSE, as compared with a 0.43% fall in the benchmark Nifty 50 after the results were announced.