Godrej Industries rose 2.51% to Rs 441.90 after consolidated net profit surged 128.4% to Rs 310.34 crore on 3.6% rise in net sales to Rs 2,628.71 crore in Q2 September 2019 over Q2 September 2018.
Consolidated constant currency EBITDA declined by 9% year-on-year. The firm announced Q2 earnings on Tuesday, 12 November 2019.
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The company said its board approved raising upto Rs 1,500 crore by issuance of unsecured non-convertible debentures/bonds/other instruments on a private placement basis.
The board also approved further investment of upto Rs 750 crore in Godrej Properties.
Godrej Industries' segments include chemicals, animal feed, veg oils, estate & property development, finance & investments and others.
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