Godrej Industries Posts 21% Rise in Q1 Profit

New Delhi: Godrej Industries Ltd on Tuesday posted a 21.38 per cent increase in consolidated net profit at Rs 94.32 crore for the fiscal first quarter that ended on June 30, 2015.

The company had registered a net profit of Rs 77.70 crore for the corresponding period a year ago.

Godrej Industries' total income from operations on a consolidated basis was up 7.93 per cent at Rs 2,510.67 crore, as against Rs 2,326.17 crore in the year-ago period, it said in a filing to the BSE.

Commenting on the results, Godrej Industries chairman A B Godrej said, "Despite volatile market conditions, Godrej Agrovet had a steady quarter."

On the outlook, he said: "In a challenging environment for the real estate sector, Godrej Properties has started the year on a strong note by registering its highest ever quarterly bookings and highest ever deliveries in a single quarter."

"We look forward to building on this momentum in the year ahead."