Comments
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.
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.