New Delhi: Godrej Properties Ltd’s consolidated net profit increased 9.2 percent at Rs 45.5 crore in the third quarter of the current fiscal as compared to Rs 41.6 crore in the corresponding quarter of the previous fiscal.
Its revenue jumped 12.6 percent at Rs 383 crore for the third quarter of the current fiscal as compared to Rs 340.1 crore in the corresponding quarter of the previous fiscal.
The company achieved a total booking value of Rs 1,189 crore in the latest quarter. The total booking volume stood at 1.58 million square feet in the December 2019 quarter
The company added four new projects with a total saleable area of 12.7 million square feet in the quarter ended December 2019. It also delivered 1.7 million square feet of space in 3 cities in the latest quarter.
”The overall environment in the real estate sector remains challenging but we continue to believe that the ongoing consolidation in the sector provides Godrej Properties a tremendous opportunity to drive market share growth in residential real estate. We expect to end the year on a strong note with a large number of project launches and project additions expected in the upcoming weeks,” said Pirojsha Godrej, Executive Chairman, Godrej Properties Ltd in a statement.
The company achieved a total booking value of Rs 1,189 crore in the latest quarter. The total booking volume stood at 1.58 million square feet in the December 2019 quarter
The company added four new projects with a total saleable area of 12.7 million square feet in the quarter ended December 2019. It also delivered 1.7 million square feet of space in 3 cities in the latest quarter.