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Godrej Industries Q3 net profit rises 53% at Rs 139 crore

Net sales of the company rose by 6% to Rs 2,389 crore in the quarter under review

Adi Godrej, chairman, Godrej group, with Tanya Dubash, chief brand officer, at a press conference. File photo

Adi Godrej, chairman, Godrej group, with Tanya Dubash, chief brand officer, at a press conference to celebrate the group’s 118th anniversary in Mumbai on Thursday

Press Trust of India New Delhi
Godrej Industries today reported 53.30% increase in consolidated net profit at Rs 138.97 crore for the quarter ended December.

The company had posted a net profit of Rs 138.97 crore in the corresponding period of last fiscal.

Net sales of the company rose by 6.80% to Rs 2,388.79 crore in the quarter under review from Rs 2,236.56 crore in the corresponding period of the previous fiscal, Godrej Industries said in a BSE filing.

Commenting on the results, Godrej Industries Chairman A B Godrej said: "I am pleased to share that the overall performance of Godrej Industries Limited during the quarter has been good, with net profit growing by 53%."
 

During the quarter, overall expenses stood at Rs 2,327.69 crore, up 5.05%, as against Rs 2,215.79 crore in the same quarter a year ago.

Godrej Industries shares today closed 1.38% down at Rs 311.35 apiece on BSE.

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First Published: Feb 12 2016 | 4:56 PM IST

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