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Godrej Properties Posts Rs 191.62 Cr Net Loss In Q4 Of FY'21; Total Income Drops To Rs 576 Cr

Total income declined to Rs 1,333.09 crore in the 2020-21 fiscal, from Rs 2,914.59 crore in the previous year.

Photo Credit : Bloomberg

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Realty firm Godrej Properties on Monday reported a consolidated net loss of Rs 191.62 crore for the quarter ended March on lower income, as construction activities were affected due to coronavirus-induced restrictions.

The company had posted a net profit of Rs 102.39 crore in the year-ago period.

Total income fell to Rs 576.08 crore in the fourth quarter of financial year 2020-21, from Rs 1,288.17 crore in the corresponding period of the previous year, Godrej Properties said in a regulatory filing.

In the full 2020-21 financial year, the company reported a net loss of Rs 189.43 crore, as against a net profit of Rs 273.94 crore in the previous fiscal.

Total income declined to Rs 1,333.09 crore in the 2020-21 fiscal, from Rs 2,914.59 crore in the previous year.

Mumbai-based Godrej Properties is a real estate arm of the business conglomerate Godrej group. 

(PTI)


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