Realty firm Godrej Properties today reported a 12 per cent dip in consolidated net profit at Rs 15.51 crore for the October-December quarter of the current fiscal.
The company had recorded Rs 17.63 crore net profit in the corresponding quarter last fiscal, it said in communique to the Bombay Stock Exchange.
Income from operations, however, went up to Rs 48.17 crore from Rs 34.61 crore in the October-December quarter of the 2009-10 fiscal.
Godrej Properties had earned Rs 14.97 crore during the quarter by off-loading some stakes in two of its projects to India Realty Excellence Fund and HDFC Portfolio Management Services.