Real estate firm Godrej Properties announced its financial results for the quarter ended December 2024 (Q3FY25). The company’s standalone net profit for the quarter came in at ₹34.85 crore, tanking over 66 percent versus ₹103.36 crore in the same period last year. However, sequentially, the profit declined over 83 percent from ₹206.30 crore in the September quarter.
However, the company’s consolidated net profit for the quarter came in at ₹158.20 crore, soaring over 152 percent versus ₹62.72 crore in the same period last year. But sequentially, the consolidated profit also declined over 52 percent from ₹333.79 crore in the September quarter.
Meanwhile, standalone total income for the quarter under review rose 29 percent to ₹585.41 crore as against ₹452.61 crore in the year-ago period. On a QoQ basis, it also fell over 43 percent from ₹1,038.63 crore in Q2FY25.
Furthermore, consolidated total income of the firm surged 126 percent to ₹1,240 crore in Q3FY25 as against ₹548.3 crore in the year-ago period. On a QoQ basis, it lost 8 percent from ₹1,346.5 crore in Q2FY25.
Post the result announcement, the stock jumped as much as 4.3 percent to its day’s high of ₹2,420.
