Mumbai, Feb. 12 -- Revenue from operations declined 6.57% year on year (YoY) to Rs 3,590.08 crore during the quarter ended 31 December 2023.

Profit before tax stood at Rs 215.83 crore in third quarter of FY23, down by 53.11% from Rs 460.33 crore posted in same quarter last year.

On nine month basis, the company's net profit declined 44.9% to Rs 371.75 crore on 1.22% increase in revenue from operations to Rs 12,033.35 crore in 9M FY24 over 9M FY23.

Meanwhile, the board has approved further investment of upto Rs 900 crore by way of subscription or purchase or otherwise in Godrej Capital, subsidiary company, notwithstanding that the aggregate of the investments so far made or to be made, in terms of the already sanctioned limits, exceeds ...