Shares of Godrej Properties Ltd slipped close to 3% in Thursday’s trade after the company announced its Q2 FY2025 financial results. As of 12:18 PM, the shares were trading 2.67% lower at Rs 2,231.90.
The company’s consolidated net profit rose 21% year-on-year to ₹405 crore, compared to ₹335 crore in the same period last year. However, revenue from operations dropped 32% to ₹740 crore, down from ₹1,093 crore in Q2FY24. The decline was largely attributed to slower project recognition, a factor that often influences quarterly performance in the real estate sector.
On the operational front, Godrej Properties posted an EBITDA loss of ₹513 crore, a sharp reversal from an EBITDA profit of ₹32 crore in the corresponding quarter last year.
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