Godrej Properties reported a 9.2 per cent increase in its consolidated net profit during the October-December quarter of the financial year 2019-20. Its profit after tax (PAT) stood at 45.49 crore as against Rs 41.63 crore it recorded in the corresponding quarter previous year, the company said in BSE filing.
The company’s consolidated income was Rs 517.47 crore in Q3 FY20, a growth of 20 per cent from Rs 430.70 crore it registered in the similar quarter last year.
Godrej Properties entered into a joint venture to develop a township project in Navi Mumbai in which company’s economic interest is 55% of profit, the company said in a media release.
It also entered into a joint venture to develop a land parcel of approximately 6.4 acres in Ambernath in which company’s economic interest is 47% of profit.