Godrej Properties Q4 results: Net profit drops 35% to Rs 101 crore

Godrej Properties on Monday posted a 35.47 per cent year-on-year (YoY) fall in net profit at Rs 101.08 crore for the quarter ended March 31.

It had posted a net profit of Rs 156.66 crore in the same quarter last year.

The total expenditure of the company increased 12.14 per cent YoY to Rs 1,070.73 crore during the quarter under review.


Revenue of the real estate major declined 10.44 per cent YoY to Rs 1,163.05 crore. Shares of Godrej Properties traded almost flat at Rs 617 after the announcement of financial results, while the benchmark BSE Sensex was up 0.74 per cent at 31,876.

The figures came better-than-analyst estimates. Kotak Institutional Equities had projected 41.80 per cent YoY fall in net profit at Rs 91.20 crore.