Godrej Properties, the leading real estate developer, disclosed a substantial rise in consolidated net profit for the quarter ended December 2014.

During the quarter, the profit of the company rose 26.45% to Rs 472.43 million from Rs 373.62 million in the same quarter last year.

Net sales for the quarter surged 2.14 times to Rs 5.19 billion, compared with Rs 2.41 billion for the prior year period.

Shares of the company gained Rs 8.5, or 3.19%, to trade at Rs 275. The total volume of shares traded was 98,470 at the BSE (1.01 p.m., Tuesday).