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17-Aug-2024

Godrej Properties

Net jumps 316% thanks to higher other income


'Consolidated net sales (including other operating income) of Godrej Properties for the quarter ended Jun 2024 has declined 21.05% to Rs 739 crore.  Operating profit margin has declined from negative 15.94% to negative 16.92%, leading to 16.18% rise in operating profit to Rs -125.06 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 81.31% to 90.92%.   Purchase of finished goods cost rose from 0.15% to 0.47%.   Employee cost decreased from 4.30% to 3.48%.   Other expenses fell from 25.08% to 9.54%.   

Other income rose 191.15% to Rs 960.48 crore.  PBIDT rose 362.35% to Rs 835.42 crore.  Provision for interest rose 37.34% to Rs 40.75 crore.  

PBDT rose 426.20% to Rs 794.67 crore.  Provision for depreciation rose 140.12% to Rs 16.64 crore.  

Profit before tax grew 439.96% to Rs 778.03 crore.  Provision for tax was exp...



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