Godrej Properties Reports Q1 Results
Godrej Properties Ltd. has announced its Q1 results, showcasing a considerable rise in profit for the quarter ending in June. The renowned real estate developer’s profit surged by 12.5% year-on-year to reach Rs 205 crore, up from Rs 182 crore in the same quarter last year.
Revenue Decline Amidst Profit Growth
Despite the impressive profit growth, the company’s revenue from operations witnessed a significant decline. The company’s revenue, also known as its topline, fell by 41% to Rs 435 crore in the April-June period. This decline marked a substantial decrease compared to the Rs 739 crore generated during the corresponding quarter the previous year.
For more details on Godrej Properties’ Q1 results, you can visit their official website.
Stay tuned for more updates!
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