Godrej Properties Q1 net profit up 15% to Rs 600 crore, total income down 3%

Realty developer Godrej Properties has reported a 15% year-on-year growth in net profit at Rs 600 crore for the quarter ended June. Total income, however, declined by 3% to Rs 1,593 crore as compared to Rs 1,638 crore a year ago. The company’s booking value during the quarter stood at Rs 7,082 crores on the back of sales of 4,231 apartments with a total area of 6.17 million sq ft, an on-year decline of 18%. This is the eighth consecutive quarter in which the company has exceeded Rs 5,000 crore of booking value.