NEW DELHI: Realty firm Godrej Properties on Tuesday reported a 78 percent fall in its consolidated net profit at Rs 7.10 crore for the quarter ended September. Its net profit stood at Rs 31.57 crore in the year-ago period.
Total income also fell to Rs 250.23 crore in the second quarter of this fiscal year from Rs 395.11 crore in the corresponding period of the previous year, according to a regulatory filing.
Godrej Properties said its total booking value in Q2FY21 stood at Rs 1,074 crore on a booking volume of 1.73 million sq ft. It sold 1,373 residential units in Q2FY21. In comparison, its booking value was Rs 1,446 crore on a volume of 2.26 million sq ft in Q2FY20.
The firm added that H1 FY21 saw a total booking value of Rs 2,605 crore and volume of 4.24 million sq ft as compared to total booking value of Rs 2,343 crore and volume of 3.61 million sq ft.
Pirojsha Godrej, executive chairman, Godrej Properties, said: “the real estate sector continues to be impacted by the pandemic, but we believe this provides Godrej Properties with a tremendous opportunity to drive market share growth in residential real estate. While our planned launches in the second quarter were postponed due to regulatory approval delays, we were happy to see one of our strongest ever quarters for sales from existing projects. With a robust launch pipeline in the second half of the financial year, we expect strong sales momentum during this period.”
Godrej Properties is the real estate arm of the business conglomerate Godrej Group.