Godrej Properties posted a profit of Rs 260 crore in the March quarter, up 164%

Godrej Properties returns in profit

Mumbai-based Godrej Properties has reported a profit of Rs 352.37 crore in the financial year 2021-22, while its total income has increased to Rs 1,522.57 crore in the January-March quarter from Rs 576.08 crore last year.

Godrej Properties (Godrej Properties) compared to last year March quarter ,March quarter) has returned in profits. The company has released its quarterly results on Tuesday. According to the company, during the quarter ended March, it had a profit of Rs 260.47 crore (Profit) Happened. The company informed that it has profited from the sharp increase in earnings during the quarter. The company had reported a loss of Rs 191.57 crore in the same quarter a year ago. During the quarter, the company’s earnings have seen a growth of 164 percent. At the same time, the company was successful in earning profit for the whole year as well. Whereas the company had suffered a loss in the previous year.

Benefit from sharp increase in income

According to the company, its total income in the January-March quarter of the last financial year has increased to Rs 1,522.57 crore from Rs 576.08 crore last year. On the other hand, Mumbai-based Godrej Properties has reported a profit of Rs 352.37 crore in the financial year 2021-22. At the same time, in the last financial year, the company had a loss of Rs 189.30 crore. At the same time, the company’s total income for the last financial year increased to Rs 2,585.69 crore as against Rs 1,333.09 crore in 2020-21. Godrej Properties is the realty sector unit of Godrej Group and one of the leading realty sector company in the country. The company has its presence in the Mumbai Metro Region ie MMR, Delhi NCR, Pune and Bangalore.

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Growth expected to continue

The company’s executive chairman Pirojsha Godrej said that the real estate sector has strengthened in the financial year 2021-22 and we are expecting that its growth will see further acceleration in the next few years. According to him, the company has performed well in terms of annual sales, cash collection and earnings during the last financial year. After the results, he said that with the help of many new launches planned, strong balance sheet, and positive signals from the sector in the coming times, the company can maintain this growth in the financial year 2022-23.