Godrej Properties today said that its consolidated net profit jumped threefold to Rs 57.49 crore in the fourth quarter ended March 2010, compared to the same period in the last fiscal.
Total income from its operations rose to Rs 170.95 crore during the January-March quarter, from Rs 79.95 crore in the same period in FY09, Godrej Properties said in a filing to the Bombay Stock Exchange (BSE).
Its board of directors has recommended a dividend of Rs 4 per share on the face value of Rs 10 each to the shareholders.
For the year ended March 2010, the net profit of the company rose to Rs 122.81 crore, up 64.44 per cent over the same period a year ago.
In a separate filing to the BSE, the company said it has appointed KT Jithendran as the executive director and Amitava Mukherjee as an independent director with effect from May 17.
Shares of Godrej Properties were trading at Rs 511 on the BSE, up 1.45 per cent from the previous close.