This Article is From Feb 12, 2016

Godrej Industries Posts 53% Rise in Q3 Profit

Godrej Industries Posts 53% Rise in Q3 Profit
New Delhi: Godrej Industries on Friday reported a 53.30 per cent increase in consolidated net profit at Rs 138.97 crore for the quarter ended December.

The company had posted a net profit of Rs 138.97 crore for the corresponding period of the last fiscal year.

Net sales rose 6.80 per cent to Rs 2,388.79 crore in the quarter under review from Rs 2,236.56 crore in the corresponding period of the previous fiscal year, Godrej Industries said in a filing to the BSE.

Commenting on the results, Godrej Industries chairman A B Godrej said, "I am pleased to share that the overall performance of Godrej Industries Limited during the quarter has been good, with net profit growing by 53 per cent."

During the quarter, overall expenses stood at Rs 2,327.69 crore, up 5.05 per cent as against Rs 2,215.79 crore in the year-ago period.

Shares in Godrej Industries, on Friday, ended 1.38 per cent lower at Rs 311.35 apiece on the BSE, whose benchmark Sensex index finished down 0.15 per cent.