Godrej Industries Q4 profit up 22% to Rs 139 crore

Godrej Industries, part of Godrej Group, today reported a 21.57 per cent increase in its consolidated 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, the company said in a filing to the BSE.

Godrej Industries' net sales on consolidated basis 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.

During the entire 2014-15 fiscal, Godrej Industries consolidated net profit also increased 23.31 per cent to Rs 402.47 crore as against Rs 326.37 crore a year ago.
 

Net sales during fiscal 2014-15 were at Rs 9,076.67 crore, up 16.92 per cent, against Rs 7,762.63 crore a year ago.

"I am pleased to share that our overall performance for the year has witnessed a healthy growth. For the fiscal year 2014-15, Godrej Agrovet has done well across verticals.

"We believe that our Agri business is one of the key enablers for future growth and I am confident that this business supported by our R&D centre and our state-of-the-art capacities will deliver strong performance going forward," Godrej Industries Chairman A B Godrej said.

On the outlook, he said: "We remain excited about this business and are well poised to enhance our position in the sector given our national presence, strong brand equity and large number of new projects in the pipeline."

Meanwhile, in a separate filing Godrej Industries informed that its board has recommended a final dividend of Rs 1.75 per equity share for the Financial Year 2014-15.

Shares of Godrej Industries closed at Rs 363.15, down 0.11 per cent on the BSE.