Godrej Properties Q2 Profit Falls 62% to Rs 154 Crore
The property developer reported a 62% year-on-year decline in consolidated net profit for the September quarter. Expenses surged 90%, largely due to higher raw material costs, outweighing a sharp rise in revenue.
A 90% surge in expenses, driven largely by higher raw material costs, outweighed a sharp rise in revenue as the property developer reported its September-quarter resultsGodrej Properties reported a 62 per cent year-on-year decline in consolidated net profit to Rs 154 crore for the second quarter of…