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Godrej Properties Q2 profit jumps 5-fold to Rs 35 crore; sales bookings rise over 2-fold

Its sales bookings jumped more than two times to Rs 2,574 crore during the second quarter of the current fiscal from Rs 1,074 crore in the year-ago period.

Published: 02nd November 2021 01:18 PM  |   Last Updated: 02nd November 2021 01:18 PM   |  A+A-

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By PTI

NEW DELHI: Realty firm Godrej Properties on Tuesday reported a five-fold jump in its consolidated net profit at Rs 35.72 crore for the quarter ended September on higher revenue.

Its net profit stood at Rs 7.10 crore in the year-ago period. Total income rose to Rs 334.22 crore in the second quarter of this fiscal from Rs 250.23 crore in the corresponding period of the previous year, according to a regulatory filing.

Its sales bookings jumped more than two times to Rs 2,574 crore during the second quarter of the current fiscal from Rs 1,074 crore in the year-ago period.

Pirojsha Godrej, Executive Chairman, Godrej Properties Ltd, said: "After a weak first quarter, the real estate sector has rebounded strongly in the second quarter." The company recorded one of its best ever quarters for bookings with a strong response to new launches across India, he said.

"We have a robust launch pipeline in the second half of the financial year and expect to build on the current momentum," Godrej said. Mumbai-based Godrej Properties is part of business conglomerate Godrej Group.

It is one of the leading real estate developers in the country with a strong presence in Delhi-NCR, Mumbai Metropolitan Region, Bengaluru and Pune markets.



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