Godrej Properties net dips 46%

Real estate firm Godrej Properties reported a 46 per cent decline in net profit to ₹23.37 crore for the quarter ended June, as against ₹43.47 crore in the same period a year-ago. Total income rose a marginal three per cent to ₹345 crore (₹333 crore). “Our total sales for Q1 stood at ₹1,474 crore which was our highest ever residential sales in a quarter. We also added four new projects to our portfolio and had one of our best ever quarters in terms of operating cash flow,” Pirojsha Godrej, Executive Chairman Godrej Properties Ltd, said.