Godrej Prop Q2 net jumps 68% to Rs 32.6cr, stock up 5%

Godrej Properties  ' consolidated net profit rose stronger-than-expected 67.6 percent year-on-year to Rs 32.6 crore in the July-September quarter of current financial year.

Consolidated revenue grew 67 percent - in-line with expectations - to Rs 232.7 crore from Rs 139.4 crore during the same period.

Analysts on an average had expected net profit of Rs 24.6 crore on sales of Rs 230 crore for the quarter.

Earnings before interest, tax, depreciation and amortization (EBITDA) jumped 125 percent Yoyo to Rs 71.9 crore that was far better-than-expectations of Rs 42 crore.

At 12:11 hours IST, shares surged 5 percent to Rs 610 amid large volumes on the Bombay Stock Exchange.

Source: www.moneycontrol.com

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DENIP Consultants Pvt Ltd