Godrej Properties rose 1.82% to Rs 378.55 at 13:45 IST on BSE after consolidated net profit rose 9% to Rs 43 crore on 45% increase in total income to Rs 333 crore in Q1 June 2016 over Q1 June 2015.
The result was announced during trading hours today, 9 August 2016.Meanwhile, the BSE Sensex was down 141.01 points, or 0.50%, to 28,041.56.
On BSE, so far 1.37 lakh shares were traded in the counter, compared with average daily volume of 40,563 shares in the past one quarter. The stock hit a high of Rs 386 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 362 so far during the day. The stock hit a 52-week low of Rs 266.40 on 29 February 2016. The stock had underperformed the market over the past 30 days till 8 August 2016, rising 2.78% compared with 3.89% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 15.97% as against Sensex's 9.35% rise.
The mid-cap company has equity capital of Rs 108.18 crore. Face value per share is Rs 5.
Godrej Properties' consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose 9% to Rs 71 crore in Q1 June 2016 over Q1 June 2015. Adjusted EBITDA rose 29% to Rs 99 crore in Q1 June 2016 over Q1 June 2015.
The company reported 55% decline in total area sold to 592,715 square feet (sq. ft.) in Q1 June 2016 over Q1 June 2015. The company reported 69% fall in booking value to 387 crore in Q1 June 2016 over Q1 June 2015.
Residential projects recorded booking value of Rs 312 crore and booking volume of 549,720 sq. ft. in Q1 June 2017. Commercial projects recorded booking value of Rs 75 crore and booking volume of 42,995 sq. ft. in Q1 June 2017.
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Godrej Properties' managing director & CEO, Pirojsha Godrej, said that the company has made a steady beginning in Q1 June 2017 and expects to significantly ramp up sales in the months ahead.
Godrej Properties is a real estate company.
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