Realty major Godrej Properties has clocked net profit of Rs 32.91 crore in the second quarter ended September 30, down from Rs 44.70 crore posted in the year-ago period.
Total income declined to Rs 83.70 crore, as against Rs 98.88 crore in the corresponding period of the last financial year. Godrej Properties Chairman Adi Godrej said demand in the residential segment continued to improve in many cities and “largely outstrips prevailing supply levels.”
