Godrej Properties Q2 net drops 80% to Rs 7.1 crore on Covid-19 impact

The company's total income fell 37 per cent at Rs 250.23 crore in Q2FY21 from Rs 395.11 crore a year ago

Hit by Covid-19 related issues, Godrej Properties posted an 80 per cent drop in net profit in the second quarter of current financial year ended September 30, at Rs 7.10 crore, from Rs Rs 34.98 crore in corresponding quarter of previous financial year.

The company's total income fell 37 per cent at Rs 250.23 crore in Q2FY21 from Rs 395.11 crore in Q2FY20.

Godrej Properties said its total booking value in Q2FY21 stood at Rs 1,074 crore on a booking volume of 1.73 million sq ft. It sold 1,373 residential units in Q2FY21. In comparison, its booking value was Rs