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Godrej Properties Q2 Profit Falls 62% to Rs.154.15 Crore

Godrej Properties reported consolidated net profit of Rs.154.15 crore for the quarter ended September, down 62% year over year. Its shares closed 4.23% lower on Friday.

GODREJPROP

New Delhi, Oct. 24 -- Godrej Properties share price closed 4.23% lower on Friday, after the realty firm reported 62% annual decline in its consolidated net profit to Rs.154.15 crore for the quarter ended September. The decline in Q2 profit was driven by higher expenses.Rising costs and earnings exp…