The net profit of Godrej Properties stood at Rs 32.91 crore in the second quarter ended September 30, 2010, down from Rs 44.70 crore registered in the year-ago period.Led by the poor numbers, shares of Godrej Properties tumbled 5.51 per cent on the BSE, to touch an early low of Rs 703.70 a share.
On the National Stock Exchange, the scrip tanked 4.13 per cent to Rs 698 a piece.
Total income of the company also took a hit, declining to Rs 83.70 crore in the second quarter from Rs 98.88 crore in the corresponding period of the last fiscal.Meanwhile, the 30-share benchmark Sensex was trading at 19,883.79, down 241.26 points from the previous close