Godrej Properties posts 35% fall in Q4 profit; achieves record sales booking last fiscal

New Delhi: Mumbai-based realty firm Godrej Properties on Monday reported a 35 per cent fall in its consolidated net profit at Rs 101.08 crore for the quarter ended March on higher expenditure.

Its net profit stood at Rs 156.66 crore in the year-ago period, according to a regulatory filing by the company.

Total income, however, rose to Rs1,288.17 crore in the fourth quarter of the last fiscal year from Rs 1,203.21 crore in the previous year.

The company's net profit rose to Rs 267.21 crore during the full 2019-20 financial year from Rs 253.15 crore in the previous year.

Meanwhile, the total income fell to Rs 2,914.59 crore during the last fiscal year from Rs 3,221.98 crore in the 2018-19 financial year.

On operational update, Godrej Properties said that the company's total sales bookings stood at Rs 5,915 crore and 8.80 million sft during the last fiscal year.