Godrej Properties Q4 net slightly up

PTI Mumbai | Updated on May 07, 2011

Godrej Properties Limited (GPL), posted a net profit of Rs 59-crore, a marginal increase of 3 per cent, in the quarter ended March 31 on the back of new bookings and new projects.

The overall sales of the company grew to Rs 334—crore, in Q4 (Jan—Mar), up 9 per cent, from Rs 306—crore in the year—ago period.

The consolidated net profit stood at Rs 130—crore in FY 11, up 6 per cent, as against Rs 122—crore in the previous fiscal.

Even as the total bookings grew 132 per cent to 3.2— million sq ft in the fiscal from 1.38—million sq ft in FY 10, GPL’s consolidated sales also grew substantially at Rs 558—crore, up 55 per cent, from Rs 360—crore.

“Booking increased by 132 per cent and revenues and earnings has shown a marked improvement. Our projects continue to have sustained sales momentum with Godrej Garden City, Ahmedabad, Godrej Frontier, Gurgaon and Godrej Prakriti, Kolkata, registering strong bookings during the year,” GPL’s Chairman, Mr Adi Godrej, said while announcing the results.

Published on May 07, 2011

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