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.
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