Godrej Properties shines on reporting 88% rise in Q2 consolidated net profit

Godrej Properties is currently trading at Rs. 1195.35, up by 26.85 points or 2.30% from its previous closing of Rs. 1168.50 on the BSE.

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Godrej Properties

The scrip opened at Rs. 1161.15 and has touched a high and low of Rs. 1198.00 and Rs. 1155.00 respectively. So far 4056 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 2416.60 on 10-Nov-2021 and a 52 week low of Rs. 1130.20 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1274.00 and Rs. 1150.00 respectively. The current market cap of the company is Rs. 32486.75 crore.

The promoters holding in the company stood at 58.48%, while Institutions and Non-Institutions held 32.04% and 9.48% respectively.

Godrej Properties has reported rise of 33.28% in its net profit at Rs 118.89 crore for Q2FY23 as compared to Rs 89.20 crore for the corresponding quarter previous year. Total income of the company increased by 15.68% to Rs 389.33 crore for the quarter under review as compared to Rs 336.55 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported rise of 87.60% in its net profit at Rs 67.03 crore for the quarter under review as compared to Rs 35.73 crore for the same quarter in the previous year. Total income of the company increased by 10.47% to Rs 369.20 crore for the quarter under review as compared to Rs 334.22 crore for the same quarter in the previous year.

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