'Consolidated net sales (including other operating income) of Godrej Properties for the quarter ended Jun 2023 has increased 282.59% to Rs 936.09 crore. Operating profit margin has declined from negative 5.80% to negative 15.94%, leading to 952.19% decline in operating profit to Rs -149.20 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 87.83% to 81.46%. Employee cost increased from 3.11% to 4.30%. Other expenses rose from 10.34% to 25.08%. Other income rose 81.53% to Rs 329.89 crore. PBIDT rose 7.84% to Rs 180.69 crore. Provision for interest fell 13.95% to Rs 29.67 crore. PBDT rose 13.49% to Rs 151.02 crore. Provision for depreciation rose 26.69% to Rs 6.93 crore. Profit before tax grew 12.92% to Rs 144.09 crore. Provision for tax was expense of Rs 59.23 crore, compared to Rs 32.65 crore. Effective tax rate was 30.70% co...
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