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Backed by buoyant sales, Godrej Properties Ltd today has reported 125 per cent rise in its consolidated net profit at Rs 106 crore for the quarter ended September 30, 2015 as against Rs 47 crore in the same period a year ago.
The total income has increased more than four-times to Rs 1,481 crore during July-September quarter compared to Rs 307 crore in the year-ago period, the company said in a statement.
The company said that the second quarter witnessed total booking value of Rs 1,957 crore and total booking volume of 12,56,014 sq ft as compared to total booking value of Rs 880 crore and total booking volume of 13,97,671 sq ft in second quarter of last fiscal.
The company said high strategic importance given GPL’s plan to unlock capital from commercial portfolio and redeploy it into new residential projects. Godrej said that it had delivered 1.4 million sq.ft. of residential space across four cities in Q2 FY16.
Pirojsha Godrej, MD and CEO Godrej Properties Ltd said, “We registered our highest ever quarterly sales, revenues, EBITDA, net profit and cash flows. We look forward to building on this momentum in the year ahead.”
Godrej Properties, the realty arm of Godrej Group, is currently developing residential, commercial and township projects spread across 110.3 million sq ft in 12 cities.
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