Godrej Properties reported -39.88% fall in total revenues for the Dec-20 quarter on consolidated basis at Rs311.12cr. There has been a clear and visible fall in demand for properties in the midst of the pandemic as people go slow on long term purchases. The demand has been visible more in the affordable space on and not in the middle segment that Godrej Properties deals in.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was down -69.27% at Rs14.35cr.The profits could have been still lower had it not been for better inventory productivity gains as well as lower interest costs. PAT margins fell sharply from 9.02% in Dec-19 to 4.61% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
|
|
Godrej Properties |
|
|
|
|
Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
|
Total Income (Rs cr) |
₹ 311.12 |
₹ 517.47 |
-39.88% |
₹ 250.23 |
24.33% |
|
Net Profit (Rs cr) |
₹ 14.35 |
₹ 46.69 |
-69.27% |
₹ 7.10 |
102.11% |
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|
|
|
|
|
|
|
Diluted EPS (Rs) |
₹ 0.57 |
₹ 1.85 |
|
₹ 0.28 |
|
|
Net Margins |
4.61% |
9.02% |
|
2.84% |
|
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