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CRISIL reaffirms credit rating of Godrej Properties

5 Jan 2022 , 10:58 AM

Godrej Properties

CRISIL Ratings Limited has reaffirmed CRISIL A1+ credit rating on the Rs1500cr Commercial Paper programme of Godrej Properties Limited.

At around 11.02 AM, Godrej Properties Ltd was trading at Rs1,895.85 per piece up by Rs8.25 or 0.44% from its previous closing of Rs1,887.60 per piece on the BSE.

The company reported a five-fold jump in consolidated net profit at Rs36cr for the quarter ended September (Q2) and is hoping for improvement in December ended quarter (Q3). Total income for Q2 grew 22% to Rs290cr. The company’s operating profit for the quarter rose to Rs105cr as compared to Rs77cr a year ago.

Related Tags

  • commercial paper
  • credit rating
  • CRISIL
  • Godrej Properties Limited
  • Godrej Properties news
  • Godrej Properties rating
  • Godrej Properties share price
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