 "Godrej Properties hits 52-week high on strong Q3 results")
Shares of Godrej Properties has rallied 4% to Rs 284, extending its previous day’s gain of around 3% on the BSE, after reporting a 27% year-on-year (yoy) jump in the consolidated net profit at Rs 47 crore for the third quarter ended December 31, 2014 (Q3), on back of strong revenues.
The real estate developer had clocked a profit of Rs 37 crore in a year ago quarter.
Consolidated total income more than doubled to Rs 539 crore y-o-y, with a growth in volume and value of sales bookings.
Total booking value grew by 28% y-o-y to Rs 548 crore and total booking volume increased by 37% y-o-y to 701,729 square feet, Godrej Properties said in a statement.
The stock opened at Rs 274 and hit a 52-week high of Rs 288 on BSE. Till 1025 hours, a combined 263,754 shares changed hands on the counter on BSE and NSE.
The real estate developer had clocked a profit of Rs 37 crore in a year ago quarter.
Consolidated total income more than doubled to Rs 539 crore y-o-y, with a growth in volume and value of sales bookings.
Total booking value grew by 28% y-o-y to Rs 548 crore and total booking volume increased by 37% y-o-y to 701,729 square feet, Godrej Properties said in a statement.
The stock opened at Rs 274 and hit a 52-week high of Rs 288 on BSE. Till 1025 hours, a combined 263,754 shares changed hands on the counter on BSE and NSE.