Godrej Properties' net profit falls 32% sequentially to Rs 403 cr in Q2
Godrej Properties' net profit falls 32% sequentially to Rs 403 cr in Q2
Godrej Properties Limited's consolidated profit after tax (PAT) for the second quarter of the current financial year (Q2 FY26) dropped 32 per cent sequentially to Rs 402.99 crore as compared to Rs598.40 crore in the previous quarter (Q1 FY26), according to an exchange filing.
The real estate firm's revenue from operations for the quarter under review rose 70 per cent quarter-on-quarter (QoQ) to Rs 740.38 crore from Rs 434.56 crore in the April-June period (Q1 FY26).
In contrast, revenue from operations declined nearly 32 per cent year-on-year (YoY) from Rs 1,093.23 crore while PAT jumped nearly 21 per cent from Rs 333.79 crore in the same period a year ago (Q2 FY25).
“Receiving RERA approval for our Worli project marks an important step forward in our development timeline. The location offers a rare combination of scale, connectivity, and visibility," said Gaurav Pandey, MD & CEO, Godrej Properties," said Gaurav Pandey, MD and CEO, Godrej Properties.
