Wednesday 29 January 2014

Godrej Properties shines on reporting 5% rise in Q3 consolidated net profit

Godrej Properties is currently trading at Rs. 160.45, up by 1.65 points or 1.04% from its previous closing of Rs. 158.80 on the BSE.

The scrip opened at Rs. 159.90 and has touched a high and low of Rs. 162.80 and Rs. 159.30 respectively. So far 24,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 297.28 on 29-Jan-2013 and a 52 week low of Rs. 155.65 on 27-Jan-2014.

Last one week high and low of the scrip stood at Rs. 167.25 and Rs. 155.65 respectively. The current market cap of the company is Rs. 3,197.00 crore.

The promoters holding in the company stood at 74.96% while Institutions and Non-Institutions held 15.51% and 9.53% respectively.

The company has reported 33.96% fall in its net profit at Rs 18.35 crore for third quarter ended December 31, 2013 as compared to Rs 27.79 crore for the same quarter in the previous year. Total income from operations of the company decreased by 24.17% at Rs 74.76 crore for quarter under review, as compared to Rs 98.60 crore for the quarter ended December 31, 2012.

On the consolidated basis, the group has reported 5.32% rise in its net profit at Rs 37.36 crore for the quarter as compared to Rs 35.47 crore for the same quarter in the previous year. However, total income from operations of the company has decreased by 9.18% at Rs 241.95 crore for quarter under review as compared to Rs 266.41 crore for the quarter ended December 31, 2012.

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