Godrej Industries Q1 Net down 32.1% to Rs 75.75 crore

Diversified firm Godrej Industries today reported a decline of 32.14 per cent in consolidated net profit to Rs 75.75 crore for the first quarter ended June 30.
The company had posted a net profit of Rs 111.64 crore in the April-June period a year-ago, Godrej Industries said in a BSE filing.
However, its consolidated revenue from operations was up 6.89 per cent to Rs 2,272.77 crore during the quarter under review, as against Rs 2,126.23 crore in the corresponding quarter last fiscal.
Total expenses during the period was up 7.75 per cent to Rs 2,205.35 crore as against Rs 2,046.58 crore.

The company posted a consolidated revenue of Rs 397.40 crore from its chemicals division, up 30.29 per cent, and Rs 216.98 crore from vegetable oil segments during the quarter under review, up 20.61 per cent.
It was Rs 304.99 crore and Rs 179.89 crore, respectively during the same quarter last fiscal.

While, revenue from estate and property development in April-June quarter was Rs 354.21 crore, up 5.25 per cent, as against Rs 336.51 crore.
Animal feed segment was down 9.17 per cent to Rs 634.46 crore as against Rs 698.53 crore in the year-ago period.
Revenue from dairy was at Rs 308.23 crore, up 22.63 per cent and Rs 279.49 crore from crop protection, up 14.15 per cent.

It was Rs 251.33 crore and Rs 244.84 crore, respectively during the same quarter last fiscal.
Shares of Godrej Industries were trading at Rs 563.50 on BSE in post afternoon trade, down 2.36 per cent from previous close.