Godrej Properties Q2 profit soars 91% to Rs 44 cr

Realty firm Godrej Properties today reported a 91 percent jump in its consolidated net profit at Rs 44 crore for the quarter to September.

Net profit stood at Rs 23 crore in the year-ago period, the company said in a filing to the BSE.

Total income increased to Rs 536.08 crore in the second quarter of this fiscal, from Rs 359.04 crore in the same period of the previous year.

Godrej Properties is the real estate arm of the Godrej Group. The Mumbai-based firm is developing 147 million sq ft in 12 cities.