Shares of Godrej Properties zoomed 10 per cent to Rs 1,084 on the BSE on Monday after the company’s consolidated profit before tax (PBT) in December quarter (Q3FY20) more-than-doubled at Rs 88 crore, on the back of strong operational performance. The real estate developer had reported PBT of Rs 36 crore in the year-ago quarter. The stock erased its entire 8 per cent loss recorded on the Budget day.
The management said the ongoing consolidation in the sector provides Godrej Properties a tremendous opportunity to drive market share growth in residential real estate. It expects to end the year
The management said the ongoing consolidation in the sector provides Godrej Properties a tremendous opportunity to drive market share growth in residential real estate. It expects to end the year