Godrej Properties today reported 4.33

per cent jump in its consolidated net profit for the quarter ended

March 31, 2011 to Rs 59.99 crore.

The company had posted a net profit of Rs 57.50 crore in the

corresponding period last year, Godrej Properties said in a filing

to the Bombay Stock Exchange (BSE).

The consolidated total income from operations during the fourth

quarter also increased by over two fold to Rs 327.81 crore from Rs

151.42 crore in the year-ago period.

For the entire 2010-11, the company's consolidated net profit

went up by 6.55 per cent to Rs 130.86 crore from Rs 122.81 crore

in the previous fiscal.

The consolidated total income from operations during last fiscal

soared by 86.03 per cent to Rs 451.50 crore from Rs 242.70 crore in 2009-10.

The company's board has also recommended a dividend of 45 per

cent, which Rs 4.5 per equity share, for 2010-11.

Besides, the board also approved reappointment of Pirojsha Godrej

as the Executive Director of the firm for three years with effect

from November 1, 2011.

Commenting on the results, Godrej Properties Chairman Adi Godrej

said: "...FY 2011 was excellent in terms of financial and operational

performance... We expect to sustain growth in the years ahead given

the company's distinct joint development business model, the Godrej

brand advantage and our track record of successful development".