Godrej Industries scrip ends 4% up on Q4 profit

Godrej Industries stock ended 4 per cent higher, paring most of the initial gains today in a weak broader market, even though the company had reported 21.57 per cent increase in consolidated net profit for the quarter ended March 31, 2015.
Shares of the company finally ended at Rs 377.65, up 3.99 per cent from its previous close on the BSE. During the day, it surged 12.76 per cent to Rs 409.50 -- its 52-week high.
At the NSE, it settled with a gain of 3.93 per cent to end at Rs 377.50.
The company's market valuation rose by Rs 487.88 crore to Rs 12,684.88 crore.

In terms of volume, 8 lakh shares of the company changed hands on the BSE and over 64 lakh shares were traded at the NSE during the day.
Godrej Industries yesterday reported 21.57 per cent rise in net profit at Rs 138.96 crore for the quarter ended March 31, 2015. It had posted a net profit of Rs 114.30 crore in the same quarter of the last fiscal.

Its net sales were Rs 2,275.82 crore during the quarter under review, up 17.21 per cent, as against Rs 1,941.58 crore in the January-March period of 2013-14.
For the entire 2014-15 fiscal, Godrej Industries net profit increased 23.31 per cent to Rs 402.47 crore as against Rs 326.37 crore in the previous fiscal.

Net sales in 2014-15 were at Rs 9,076.67 crore, up 16.92 per cent, against Rs 7,762.63 crore a year ago.
Meanwhile, in the stock market the BSE 30-share Sensex ended at 27,506.71, down 57.95 points.