Godrej Industries' consolidated net profit slumped 91.3% to Rs 25.90 crore on a 6.4% rise in net sales to Rs 3,120.67 in Q4 March 2020 over Q4 March 2019.
Profit before tax (PBT) stood at Rs 208.51 crore in Q4 FY20, down by 60.5% from Rs 528.49 crore in Q4 FY19.
Total expenditure rose 8.1% to Rs 2919.74 crore, while depreciation costs surged 43.9% to Rs 61.13 crore in Q4 FY20 over Q4 FY19. However, interest payments fell 11.3% to Rs 119.23 crore in Q4 March 2020 from Rs 134.43 crore in Q4 March 2019.
Current tax expenses increased by 2.76 times to Rs 46.89 crore in Q4 FY20 from Rs 16.98 crore in Q4 FY19.
Godrej Industries' consolidated net profit fell 6.3% to Rs 552.18 crore on a 4.1% increase in net sales to Rs 11,290.75 crore in the year ended March 2020 (FY20) over the year ended March 2019 (FY19). PBT stood at Rs 1081.01 crore in FY20, down by 0.5% from Rs 1805.95 crore in FY19. The result was announced during market hours today.
Godrej Industries, a Godrej Group Company, is a conglomerate with a significant presence in home and personal care, animal feeds, dairy and agri-products, poultry, oil palm plantation, real estate development, oleo-chemicals and vegetable oils, both directly and through subsidiaries/associate companies.
The stocks rose 0.31% to Rs 255.95 on Friday. The scrip traded in the range of Rs 246.30 and Rs 263.80 during the day.
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