Shriram Properties Q1 profit down 46% to Rs 11 cr

Shriram Properties, a real estate company in India, reported a significant decline in its profit for the first quarter of the year, down 46% to Rs 11 crore. This decrease is mainly due to higher operational expenses and taxes. Despite this, the company saw an increase in its total income and sales bookings, which is a positive sign. The company's strong project pipeline across various Indian cities suggests potential for future growth, but the current profit decline may raise concerns among investors.

Read the source report: Economic Times