The third quarter results of Godrej Properties will come out today
NEW DELHI: The Realty developer is ready to announce his earnings for the quarter that ended in December 2019 today, that is, Monday, February 3.
For the quarter ending in September 2019 (Q2), the company reported a 50% year-on-year increase (year over year) in consolidated net income of 31 crore crore. During the second quarter, the company witnessed a total reserve value of Rs 1,446 million rupees and a total reserve volume of 2.26 million square feet.
In declaring the results of the second quarter, the CEO of Godrej Properties said: The overall environment in the real estate sector remains challenging. This provides Godrej Properties a great opportunity to boost the growth of the market share in residential real estate. We expect strong momentum in both portfolios, project additions and new project launches in H2 FY20.
While market experts anxiously await the performance report, the company's shares were trading at Rs 1040 (NSE) around 10:50 am on Monday, February 3.