Godrej Properties Q2 profit plunges 62% to ₹154 crore

Godrej Properties reported a 62% year-on-year fall in consolidated net profit to ₹154.15 crore for the September quarter, driven by higher expenses. Its shares closed 4.23% lower on Friday. Siddharth Maurya of Vibhavangal Anukulakara said the drop is a red flag on rising costs, though healthy bookings, customer collections and a pipeline of new launches indicate a positive housing market.