Godrej Properties shares crashed almost 5 per cent on the BSE after the true property arm of the Godrej Group reported a loss within the March quarter. The firm reported a consolidated web lack of Rs 192 crore for the quarter ended March 2021 as towards a web revenue of Rs 102 crore within the year-ago interval. At 2:35 pm, the shares of Godrej Properties had been buying and selling at Rs 1,313 decrease by 3.95 per cent, on the BSE.
Godrej Properties’ whole earnings declined from Rs 1,261 crore to Rs 508 crore through the interval.
The BSE Sensex recouped intra-day losses and was buying and selling at 48,778.30, decrease by 15.36 factors, whereas the NSE Nifty was at 14,641.55, up 10.50 factors on the time.