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25-Oct-2024

Godrej Properties

Net up 402% as sales up 219% and tax writeback


'Consolidated net sales (including other operating income) of Godrej Properties has increased 218.73% to Rs 1093.23 crore.    
Operating profit margin (OPM) has turned from negative 17.98% to positive 2.92%, Operating profit for the quarter stood at Rs 31.91 crore compared to loss of Rs 61.66 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 81.19% to 78.96%.   Employee cost decreased from 7.60% to 4.70%.   Other expenses fell from 17.61% to 14.86%.   

Other income fell 3.36% to Rs 253.31 crore.  PBIDT rose 42.29% to Rs 285.22 crore.  Provision for interest fell 7.21% to Rs 44.55 crore.   PBDT rose 57.88% to Rs 240.67 crore.  Provision for depreciation rose 147.09% to Rs 18.26 crore.   

Profit before tax grew 53.33% to Rs 222.41 crore.  Share of profit/loss was 90.60% higher at Rs -3.16 crore.  Provision for tax...



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