Cadila Healthcare, Godrej Ind Q1 result

Cadila Healthcare net up 60%
Cadila Healthcare today posted an increased 60 per cent profit, at Rs 199.18 crore, for the quarter ended June 30.

The company had reported a net profit of Rs 124.79 crore for the same quarter last year, it said in a filing to the Bombay Stock Exchange.

Income from operations rose to Rs 1,133.78 crore in the first quarter (April-June) compared to Rs 903.54 crore in the same period last year.

Continuing its robust performance in the United States, the group registered a 51 per cent jump in sales to Rs 223 crore year-on-year.

Zydus Wellness (ZWL), a subsidiary of Zydus Cadila, posted a 36 per cent increase in sales. It recorded a 52 per cent increase in net profit y-o-y, the filing added.

Godrej Ind PAT up 200%
With healthy contributions from almost all its businesses, diversified conglomerate Godrej Industries has recorded a staggering 200 per cent increase in its profit after tax (PAT) in the first quarter of the current financial year. The PAT figure stood at Rs 49 crore, against Rs 16 crore in the corresponding period a year ago.

The company’s consolidated total income was Rs 1,101 crore, up 30 per cent from Rs 780 crore in the year-ago period. “This has been a positive quarter for all the group companies...The big driver is India’s improving economy. We see better quarters ahead due to good monsoon rains this year. It will provide adequate impetus to our agri-business segment. Godrej Properties has been on a high performance spree with strong growth both in topline and bottomline,” Chairman Adi Godrej said here today.