Godrej Industries Q2 Net Profit Rises By 36%

Diversified firm Godrej Industries today reported a 36.20 per cent increase in its consolidated net profit of Rs 147.35 crore for the second quarter ended September 30. Company had posted a net profit of Rs 108.18 crore in July-September quarter a year ago, Godrej Industries said in a BSE filing.

Its consolidated net sales rose 10.85 per cent to Rs 2,522.75 crore during the quarter under review compared to Rs 2,275.68 crore in the corresponding period last fiscal.

Godrej Industries total expenses in the second quarter were up 8.33 per cent at Rs 2,395.05 crore as against Rs 2,210.74 crore. Company’s consolidated revenue from its chemicals division rose 11.69 per cent to Rs 376.34 crore and Rs 361.71 crore from vegetable oil segments, up 29.09 per cent, in the second quarter.

The company posted consolidated revenue of Rs 292.77 crore from its crop protection division, up 13.81 per cent, and Rs 259.28 crore from dairy segments, up 0.74 per cent, in the quarter under review. It was Rs 257.23 crore and Rs 257.35 crore, respectively during the same quarter last fiscal.