Realty firm Godrej Properties on Friday reported a 12 per cent dip in consolidated net profit at Rs 15.51 crore for the October-December quarter of the current financial year.
The company had recorded Rs 17.63 crore net profit in the corresponding quarter last year, it said in statement to the Bombay Stock Exchange.
Income from operations, however, went up to Rs 48.17 crore from Rs 34.61 crore in the reviewed quarter of the 2009-10 financial year.
Godrej Properties had earned Rs 14.97 crore during the quarter by off-loading some stakes in two of its projects to India Realty Excellence Fund and HDFC Portfolio Management Services.
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