Godrej Properties Sells 5% Stake In Godrej Green Homes

Godrej Properties sells five per cent stake held by it in equity share capital of Godrej Green Homes (GGHPL) to Godrej Fund Management and Investment Advisors (GFMIAPL) at a consideration of Rs 46.70 crore. GFMIAPL is engaged in providing business of advisory services, managing, developing, and leasing real estate projects.

The company reported a growth of 5.32 per cent in its net consolidated profit during the quarter ended March 31, 2024. Its profit after tax stood at Rs 478.01 crore in Q4 FY24 as against Rs 453.87 crore it registered in the corresponding quarter of the previous fiscal.

Its net total consolidated income stood at Rs 1,914.82 crore in Q4 FY24, a growth of 4.13 per cent from Rs 1,838.82 crore it recorded in the similar quarter last year.