Realty player Godrej Properties today plunged over five per cent on the Bombay Stock Exchange, after the company reported a 26 per cent dip in net profit for the second quarter ending September 30.
The net profit of Godrej Properties stood at Rs 32.91 crore in the second quarter ended September 30, 2010, down from Rs 44.70 crore registered in the year-ago period.
Led by the poor numbers, shares of Godrej Properties tumbled 5.51 per cent on the BSE, to touch an early low of Rs 703.70 a share.
On the National Stock Exchange, the scrip tanked 4.13 per cent to Rs 698 a piece.
Total income of the company also took a hit, declining to Rs 83.70 crore in the second quarter from Rs 98.88 crore in the corresponding period of the last fiscal.
Meanwhile, the 30-share benchmark Sensex was trading at 19,883.79, down 241.26 points from the previous close.