Godrej Properties net profit goes down by more than half in Q3FY21

New Delhi: Mumbai-based Godrej Properties Ltd has reported a drop of 69 percent in net consolidated profit for the third quarter of the current fiscal at Rs 14.35 crore as against Rs 46 crore it recorded in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

The consolidated income stood at Rs 311 crore for the third quarter of the current fiscal, a drop of 40 percent from the Rs 517 crore recorded in the corresponding quarter of the previous fiscal.

The board approved appointment of Pirojsha Godrej as a whole time director designated as Executive Chairman and Mohit Malhotra as MD and CEO of the company for a further period of 3 years from 1 April 2021.

The board also approved raising of Rs 3,750 crore through issuance of equity shares, fully convertible debentures, partly convertible debentures, NCDs and other instruments.

 

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