Godrej Properties reports 21% net profit growth in Q2
market hours1 source ↓written by the desknot a recommendation
- in consolidated net
- 20.8% increase
- for Q2 ended
- ₹405.08 crore
- a year ago
- ₹335.21 crore
- revenue fell
- 32.3%
- ₹740.38 crore
Godrej Properties reported a 20.8% increase in consolidated net profit to ₹405.08 crore for Q2 ended 30 September, up from ₹335.21 crore a year ago. However, revenue fell 32.3% to ₹740.38 crore from ₹1,093.23 crore in the same period last year.
This mixed performance may influence market sentiment, as profit growth contrasts with declining revenue, indicating potential challenges ahead.
Not investment advice. For informational purposes only.