Godrej Properties clocks net profit of Rs 22.4-cr in Q1 FY 11
Godrej Group's real estate arm, Godrej Properties Ltd, has clocked a net profit of Rs 22.4-crore in the first quarter of FY 11, up by a whopping 653 per cent over the same period last year.
By PTI |
MUMBAI: Godrej Group's real estate arm, Godrej Properties Ltd, has clocked a net profit of Rs 22.4-crore in the first quarter of FY 11, up by a whopping 653 per cent over the same period last year.
The consolidated sales of the company stood at Rs 73.46-crore, up 290 per cent from Rs 18.8-crore in the corresponding period last year.
"Our aim is to become a national real estate developer. GPL's unique business model continues to play a major role in our success. We are committed to maximising returns through strategic capital investments in multiple projects," Godrej Group's Chairman, Adi Godrej, said in a statement here on Saturday.
The company plans to launch five projects in Mangalore, Bangalore, Kochi, Chennai and NCR in the current fiscal.
The company which entered the capital market in December last, is currently developing 90-million square feet of space across 11 cities in the country.
The consolidated sales of the company stood at Rs 73.46-crore, up 290 per cent from Rs 18.8-crore in the corresponding period last year.
"Our aim is to become a national real estate developer. GPL's unique business model continues to play a major role in our success. We are committed to maximising returns through strategic capital investments in multiple projects," Godrej Group's Chairman, Adi Godrej, said in a statement here on Saturday.
The company plans to launch five projects in Mangalore, Bangalore, Kochi, Chennai and NCR in the current fiscal.
The company which entered the capital market in December last, is currently developing 90-million square feet of space across 11 cities in the country.
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