Godrej Properties net up 130%
Jul 31, 2013
Source : The Hindu Business Line

MUMBAI: Mumbai-based developer Godrej Properties’ net profit was up 130 per cent on account of transfer of two of its projects to a group of investors and a rise in other income.

Net profit rose to Rs 39.47 crore for the first quarter ended June 2013 against Rs 17.15 crore in the year-ago period.

However, on a quarter-on-quarter basis, the company witnessed a fall in net profit from Rs 53.21 crore in the quarter ended March 2013.

Total income from operations saw a slide on a year-on-year-basis to Rs 201.57 crore (Rs 226.10 crore).

Other income stood at Rs 42.71 crore (Rs 6.69 crore).

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