Godrej Properties posts lack of Rs 192 cr in This autumn, complete revenue falls 60%


Godrej Properties, a part of the Godrej Group, posted a lack of Rs 192 crore in Q4FY21 as in contrast a revenue of Rs 102 crore in Q4FY20 owing to weak residence gross sales in high cities.

The corporate’s complete revenue fell 60 per cent to Rs 508 crore in Q4FY21 as in opposition to Rs 1,261 crore within the corresponding interval final 12 months.

Pirojsha Godrej, government chairman, mentioned:”Whereas the true property sector like all elements of the economic system has been impacted by the second wave, we anticipate the sector will proceed the strong restoration it was witnessing as soon as this disaster abates. In This autumn, we’re happy to have delivered our greatest ever quarterly efficiency when it comes to the worth of actual property bought and money collections generated from our clients. Given our strong launch pipeline, robust stability sheet, and fascinating new undertaking acquisition alternatives, we anticipate a powerful FY22.”

The corporate mentioned it recorded the best ever quarterly assortment of Rs 2,041 crore resulting in a internet working money circulation of Rs 785 crore in Q4FY21.

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