Godrej Properties profit up nearly 3-fold

NEW DELHI: Godrej Properties on Wednesday reported a nearly three-fold jump in consolidated net profit at Rs 124.94 crore for the first quarter of this fiscal, while sale bookings fell 11 per cent annually in April-June period to Rs 2,254 crore. The company also plans to raise Rs 2,000 crore, in one or more tranche, through issue of non-convertible debentures (NCDs) and bonds on private placement basis. Its net profit stood at Rs 45.55 crore in the year-ago period. Total income rose to Rs 1,265.98 crore in April-June 2023-24 from Rs 426.40 crore in the corresponding period of the previous year, according to a regulatory filing.