Comments
Godrej Properties Ltd has reported a consolidated net profit of Rs 63 crore for the quarter ended March against a net loss of Rs 12 crore in the year-ago period.
Total income increased by 21 per cent in the fourth quarter of last fiscal to Rs 475 crore from Rs 392 crore in the corresponding period of the previous year.
Godrej Properties' net profit rose 30 per cent to Rs 207 crore during last fiscal from Rs 159 crore in the 2015-16 financial year. The company's total income declined by 24 per cent to Rs 1,733 crore.
The company said it has added 3 new projects with 3.5 million sq. ft. of saleable area in Q4 FY17.
Godrej Properties said that in FY2017, it had witnessed a total booking value of Rs 2,020 crore and total booking volume of 3,109,240 sq. ft.
Residential projects recorded a booking value of Rs 1,784 crore and booking volume of 2,999,341 sq. ft. Commercial projects recorded a booking value of Rs 237 crore and booking volume of 109,899 sq. ft. in FY17
Pirojsha Godrej, Executive Chairman Godrej Properties Ltd, said, “FY17 has been a strong year for business development as we added 7 new projects with a saleable area of 18 million sq. ft. We entered the Noida market and sold more than 1 million sq. ft. despite weak market conditions. We have started FY18 well and sold over 1,000 apartments with successful launches across Mumbai, Pune and NCR. We look forward to building on this momentum in the year ahead.”
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.