Godrej Properties Q1 net falls 55

Godrej Properties reported 55.17 per cent decline in its consolidated net profit for the quarter ended June 30 at Rs 10.06 crore.

The compnay had posted a net profit of Rs 22.44 crore in the corresponding period last year,Godrej Properties said in a filing to the Bombay Stock Exchange BSE.

The consolidated total income from operations,however,increased by over three-fold to Rs 130.62 crore from Rs 41.21 crore,it added.

Reacting to the results,shares of the company were trading 1.74 per cent up at Rs 814 on the BSE in the late afternoon trade.