Godrej Properties Q4 profit jumps 270% YoY to Rs 157 crore

NEW DELHI: Godrej Properties on Tuesday reported a 270.53 per cent year-on-year rise in consolidated net profit at Rs 156.66 crore for the quarter ended March 31, 2019. It had posted a net profit of Rs 42.28 crore in the corresponding quarter last year.

Total income of the real estate player jumped 125.70 per cent YoY to Rs 1,203.21 crore in Q4FY19 over Rs 533.09 crore in Q4FY18.

The share price was trading 2.62 per cent down at Rs 832.75 after the announcement of quarterly numbers.


The board did not recommend any dividend on equity shares for the financial year ended March 31, 2019.

Consolidated total expenses of the company rose to Rs 954.62 crore for the quarter under review against Rs 487.01 crore in the same period last year.