New Delhi: Godrej residences Ltd on Thursday pronounced sixty five% fall in consolidated net income to Rs.17.ninety two crore for the quarter ended March on decrease income.
Its net profit stood at Rs.fifty one.forty four crore within the yr–ago period, the Mumbai-based developersaid in a regulatory filing.
profits from operations also fell by using 26% to Rs.515.fifty nine crore for the fourth area of remainingfiscal, 2015-sixteen, from Rs.697.ninety eight crore in the January-March period of the previousfinancial.
For the complete 2015-sixteen fiscal, Godrej homes’ internet earnings become up 21% to Rs.231.10 crore, from Rs.a hundred ninety.9 crore inside the previous financial 12 months.
profits from operations extended by 43% to Rs.2,633.96 crore for the duration of remaining economicfrom Rs.1,843.09 crore in the 2014-15.
Godrej homes, the actual property arm of the Godrej institution, is developing residential, business and township projects unfold over 115 million sq. toes. in 12 towns.
ultimate week, the company obtained extra forty nine% stake in its subsidiary glad Highrises from Karelides traders for Rs.248.50 crore. Godrej homes in advance had fifty one% stake in happy Highrises.submit the purchase, the business enterprise has extended its shareholding to a hundred%.
