- May 3, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Godrej Properties Reports 14% Increase in Net Profit
Realty firm Godrej Properties announced a 14 per cent surge in its consolidated net profit, reaching Rs 471.26 crore for the quarter that ended in March. This growth can be attributed to higher income driven by robust housing demand, compared to a net profit of Rs 412.14 crore in the same period last year.
With a total income of Rs 1,914.82 crore in the fourth quarter of the last fiscal year, a significant increase from Rs 1,838.82 crore in the corresponding period previously, Godrej Properties continues to show financial strength and stability. In the fiscal year 2023-24, the company’s net profit rose to Rs 725.27 crore from Rs 571.39 crore in the previous year, showcasing consistent growth.
Furthermore, the total income for the last fiscal year soared to Rs 4,334.22 crore from Rs 3,039 crore in the 2022-23 financial year. Godrej Properties solidifies its position as one of the premier real estate developers in the country, emphasizing its commitment to excellence and innovation.
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