Godrej Properties Jan-March consol PAT 626 mn rupees vs loss yr ago

MUMBAI: Godrej Properties Ltd reported a consolidated net profit of 625.87 mn rupees in Jan-Mar against a net loss of 107.40 mln rupees loss a year ago. The company’s total income rose 19.3% to 4.65 bln rupees during the quarter.Total expenditure during the quarter was 3.94 bn rupees compared with 4.04 bn rupees a year ago. Finance cost was 248.24 mn rupees as against 74.38 mln rupees a year ago.The company’s tax outgo of 189.34 mn rupees in the reporting quarter. In the year-ago period, tax write-back was 7.04 mn rupees.In the previous quarter, the company’s net profit was 772.56 mn rupees, on total income of 5.52 bn rupees.