Godrej Industries trims gains after striking 52-week high

Godrej Industries rose 2.71% to Rs 373 at 14:30 IST on BSE after consolidated net profit rose 21.6% to Rs 138.96 crore on 16.9% rise in total income to Rs 2432.63 crore in Q4 March 2015 over Q4 March 2014.

The result was announced after market hours yesterday, 27 May 2015.

Meanwhile, the BSE Sensex was down 126.85 points, or 0.46%, to 27,437.81

On BSE, so far 7.16 lakh shares were traded in the counter, compared with an average volume of 32,886 shares in the past one quarter.

The stock hit a 52-week high of Rs 409.50 in intraday trade today, 28 May 2015. The stock hit a low of Rs 370 so far during the day. The stock hit a 52-week low of Rs 261.55 on 16 December 2014.

The large-cap company has an equity capital of Rs 33.59 crore. Face value per share is Re 1.

Godrej Industries' consolidated PBDIT (profit before depreciation, interest and taxes) rose 27% to Rs 241 crore in Q4 March 2015 over Q4 March 2014. PBT (profit before tax) rose 19% to Rs 158 crore in Q4 March 2015 over Q4 March 2014.

Commenting on the result, A. B. Godrej, Chairman, Godrej Industries, said that the company believes that its agri business is one of the key enablers for future growth and this business supported by the company's R&D centre and state-of-the-art capacities will deliver strong performance going forward.

Godrej Industries is part of the Godrej group, one of the leading business groups in India and is in the businesses of Oleochemicals, surfactants, finance & investments and estate management. It has substantial interests in several industries including property development, oil palm plantation, animal feeds and agro-products, poultry, personal care and household care, etc., through its subsidiaries and associate companies.

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