Godrej Residence Crashes Almost 4% On Posting Loss In March Quarter

INSUBCONTINENT EXCLUSIVE:
Godrej Properties' total income declined from Rs 1,261 crore to Rs 508 crore during the periodGodrej Properties shares crashed nearly 5 per
cent on the BSE after the real estate arm of the Godrej Group reported a loss in the March quarter
The company reported a consolidated net loss of Rs 192 crore for the quarter ended March 2021 as against a net profit of Rs 102 crore in the
year-ago period
declined from Rs 1,261 crore to Rs 508 crore during the period.The BSE Sensex recouped intra-day losses and was trading at 48,778.30, lower
by 15.36 points, while the NSE Nifty was at 14,641.55, up 10.50 points at the time.