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Godrej Industries Q1 jumps 28.46 per cent to Rs 53.25 cr

Godrej Industries said its consolidated income from net sales increased to Rs 1,852.40 crore in the April-June quarter, compared to Rs 1,788.93 crore during the same period last year.

twitter-logoPTI | August 10, 2013 | Updated 18:46 IST

Godrej Industries has reported a 28.46 per cent increase in its consolidated net profit at Rs 53.25 crore for the first quarter ended June 30, 2013.

The company had posted a consolidated net profit of Rs 41.45 crore in the same period of previous fiscal.

In a filing to the Bombay Stock Exchange, Godrej Industries said its consolidated income from net sales increased to Rs 1,852.40 crore in the April-June quarter, compared to Rs 1,788.93 crore during the same period last year.

"Our results this quarter have demonstrated the strength of our business model which captures a diverse range of businesses in some of the key growth sectors of the economy. Overall performance has been encouraging as some of the core operations registered sustained growth," Godrej Industries Chairman Adi Godrej said.

Godrej Industries consolidated revenue from chemicals segment decreased to Rs 288.23 crore this quarter. It was at Rs 347.39 crore in the same period of last financial year.

Company's consolidated revenue from animal feed segment was at Rs 645.81 crore this quarter as against Rs 519.29 crore during the same period of previous financial year.

Godrej Industries' consolidated revenue from veg oils segment stood at Rs 494.44 crore this quarter. It was Rs 522.89 crore in first quarter of the last year.

Consolidated revenue from estate and property development was at Rs 256.37 crore this quarter as against Rs 250.94 crore in quarter one of the last fiscal.

Over company's future outlook, Godrej said: "Going forward, through our 'create' strategy, we will continue to strengthen our positions in all our core businesses while fostering an inspiring place to work and creating shared value for all our stakeholders".

Godrej Industries, a part of the diversified Godrej group, is in the businesses of chemicals, surfactants, finance & investments and estate management.

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