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.
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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.