Godrej Industries has strengthened in early trades after posting a huge jump in net profit for the fourth quarter and year ended March 31. The stock is quoting at Rs 301, stronger by Rs 7 or 2.5%, on the BSE.
Diversified major Godrej Industries posted a 22% rise in net profit at Rs 114.3 crore for the fourth quarter ended March 31. The company had reported net profit of Rs 93.67 crore in the corresponding quarter a year ago.
Godrej Industries' net sales in the quarter under review rose by 38.07% at Rs 1,941.58 crore as against Rs 1,406.16 crore in the same quarter last year.
Godrej Industries is India's leading manufacturer of oleochemicals and makes more than a hundred chemicals for use in over two dozen industries. It also manufactures edible oils, vanaspati and bakery fats. Besides, it operates real estate.
