Pirojsha, who joined GPL in 2004, has been the managing director and CEO since 2012. Mohit Malhotra, currently the executive director, will now replace Pirojsha and assume the charge of managing director and chief executive at Godrej Properties. Malhotra, who joined Godrej Properties in 2010, and headed business development and has since taken on larger leadership responsibilities that currently include heading GPL's operations. He was appointed to GPL's board as an executive director in 2015.
Meanwhile, the company reported an over two-fold per cent jump in consolidated net profit at Rs 77.25 crore for the December quarter against Rs 27.06 crore in the year-ago period.
Its income from operations also rose two-fold to Rs 518.25 crore during the third quarter from Rs 247.24 crore in the same period a year ago, the Mumbai-based firm said. Commenting on these developments, Adi Godrej said, "Pirojsha, Mohit and the GPL team have delivered tremendous results in a difficult market environment and I'm sure will lead the company to new heights."
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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