Godrej Properties reported good set of numbers but tough time ahead due to covid 19 restriction in Maharashtra.
Godrej Properties limited reported total revenue from operations at 432 as compared to 1163 crores in Q4FY20. Mainly revenue is down due to restricted construction activity in Maharashtra region.
Company reported Loss for the quarter of 58 crores ac compared to profit before tax of 219 in Q4FY20.
Company reported loss after tax of 191 crores in Q4FY21 as compared to profit after tax of 103 crores in Q4FY2021.
This was one of the difficult year for the company, for the complete year the company has reported a loss of 44 crores in FY2021, along with this some state wise lockdown still hurting the company in Q1FY22, we expect some recovery in 2nd half of FY2022.
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