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Godrej Properties

Godrej Properties Posts Rs 191.62 Cr Net Loss In Q4 Of FY’21; Total Income Drops To Rs 576 Cr

Real estate company Godrej Properties announced on Monday a combined net loss of Rs 191.62 crore for the quarter ended March on lower-income, as construction activities were affected by restrictions caused by the coronavirus.

The company posted a net profit of Rs 102.39 crore in the year-ago period.

Total revenue decreased to Rs. 576.08 crore in the fourth quarter of the 2020-21 fiscal year, up from Rs 1288.17 crore in the corresponding period of the prior year, Godrej Properties said in a regulatory filing.

Godrej Properties
Godrej Properties

In the full 2020-21 fiscal year, the company posted a net loss of Rs 189.43 crore, compared to a net profit of Rs 273.94 crore in the prior fiscal year.

Total income decreased to Rs. 1333.09 crore in the 2020-21 fiscal year, from Rs 2,914.59 crore in the previous year.

Mumbai-based Godrej Properties is the real estate arm of the business conglomerate Godrej group.

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