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Godrej Properties posts Rs 42 core web revenue in Q3, clocks report Rs 1,504 crore housing gross sales

New Delhi: Godrej Properties Monday reported a consolidated web revenue of Rs 41.63 crore for the December 2018 quarter,...

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Godrej Properties posts Rs 42 core net profit in Q3, clocks record Rs 1,504 crore housing sales


New Delhi: Godrej Properties Monday reported a consolidated web revenue of Rs 41.63 crore for the December 2018 quarter, on account of upper gross sales.

It had posted a web lack of Rs 54.75 crore within the corresponding quarter of 2017-18, the corporate mentioned in a regulatory submitting.

The firm’s complete earnings rose to Rs 430.70 crore, in contrast with Rs 308.29 crore a yr in the past.

Representational image. AFP

Representational picture. AFP

“Q3 FY19 was the best-ever quarter for residential sales in the company’s history with total sales (including commercial) for the quarter growing at 89 per cent to Rs 1,528 crore. We had strong launches across Mumbai, NCR, Bengaluru, Pune and Ahmedabad. As we commence the final quarter of the financial year, we look forward to building on this momentum,” mentioned Godrej Properties Executive Chairman Pirojsha Godrej.

He mentioned the housing section contributed report Rs 1,504 crore in the course of the third quarter of the present monetary yr.

“Our sales bookings bounced back during the third quarter of this fiscal,” Godrej mentioned.

During the quarter ended December 2018, Godrej Properties bought 2.eight million sq ft of land value Rs 1,528 crore, in contrast with 1.43 million sq ft value Rs 1,220 crore within the corresponding interval of the earlier yr.

Godrej Properties is the true property arm of enterprise conglomerate Godrej Group.

 

 

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