'Consolidated net sales (including other operating income) of Godrej Properties for the quarter ended Dec 2023 has increased 68.39% to Rs 330.44 crore. Sales of Real Estate segment has gone up 59.74% to Rs 313.46 crore (accounting for 94.86% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has slumped 6.57% to Rs 94.66 crore. PBIT of Real Estate segment fell 2.57% to Rs 98.72 crore (accounting for 104.29% of total PBIT).
PBIT margin of Real Estate segment fell from 51.63% to 31.49%. Overall PBIT margin fell from 51.63% to 28.65%.
Operating profit margin has declined from negative 8.56% to negative 12.58%, leading to 147.59% decline in operating profit to Rs -41.57 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 95.99% to 91.08%. Employee cost increased from 1.26% to 3.17%. Other expenses rose from 3.34...
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