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While design and execution are equally important, all these pushes should benefit the overall infra sectors such as steel, cement, pipes EPC and India in general.

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As per the company, the rating, however, continues to derive comfort from the company’s adequate liquidity position, as reflected by cash and equivalents of around Rs. 678 crore and undrawn limits of Rs. 63 crore as of December 2021.

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Titan Company reported a standalone net profit of Rs 987 crore in Q3 FY22 as against a net profit of Rs 419 crore Q3 FY21, recording a growth of 136% on YoY basis.

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Godrej Properties consolidated net profit soared 171.4% to Rs 38.95 crore on a 63.5% surge in net sales to Rs 278.76 crore in Q3 FY22 over Q3 FY21.

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