New Delhi, Oct. 24 -- Godrej Properties share price closed 4.23% lower on Friday, after the realty firm reported 62% annual decline in its consolidated net profit to Rs.154.15 crore for the quarter ended September. The decline in Q2 profit was driven by higher expenses.

Rising costs and earnings expansion in the short term is a key concern for the company, and investors will closely monitor how the firm will manage to turn its strengths in operations into profitability as projects come closer to completion, according to Siddharth Maurya, Founder & Managing Director, Vibhavangal Anukulakara Pvt. Ltd.

"A fall in Godrej Properties' Q2 net profit by 62% is clearly a red flag regarding the issue of rising costs and earnings expansion in the ...