Godrej Properties Reports Quarterly Profit Slump on Higher Costs
Godrej Properties reported a sharp drop in quarterly profit as higher raw material costs outweighed strong demand for residential projects.
Godrej Properties (NSE:GODREJPROP), an Indian real estate developer, reported a sharp decline in quarterly profit on Friday. Higher raw material costs outweighed strong demand for residential projects. The exchange rate was $1 = 94.9100 Indian rupees.