The company had posted a net profit of Rs. 53.21 crore in the year-ago period, Godrej Properties, the real estate arm of the Godrej group, said in a filing to the BSE.
However, its total income from operations rose by 38 per cent to Rs.429.19 crore during the January-March quarter as against Rs. 311.86 crore in the corresponding period of the previous year.
Total expenditure increased by 65 per cent to Rs. 354.97 crore during the fourth quarter from Rs. 214.61 crore in the year-ago period.
For the entire 2013-14 fiscal, Godrej Properties net profit rose by 15 per cent to Rs. 159.43 crore from Rs. 138.43 crore in the previous fiscal.
Total income from operations increased by 14 per cent to Rs.1,179.21 crore in the 2013-14 fiscal from Rs. 1,037.12 crore in the previous year.