Page 5 - Godrej Industries
Godrej Industries stock hits all-time high on Agrovet IPO approval
Godrej Industries (GIL) stock scaled to an all-time high in Monday's session as the company's board approved the initial public offering (IPO) of its subsidiary - Godrej Agrovet. Even a day later, sentiment was good with the stock up almost 1.4 per cent. Apart from the IPO plans of Godrej Agrovet, there are many other things playing out for GIL.To begin with, Godrej Agrovet's listing should help unlock value. The company operates in the Animal Feed, Agri inputs and Oil Palm businesses and has recently forayed in the lucrative dairy business as well. The company has delivered strong annual growth of 18 per cent and 22 per cent, respectively in its revenues and net profit between FY11-16 and the trend continued in the nine months ending December 2016. Godrej Agrovet has popular brands such as Real Good Chicken (competes with Venky's India), Creamline Dairy Products, among others under its umbrella. It also acquired a stake in plant nutrients and herbicides company - Astec Lifesciences ..
 "Godrej Industries stock hits all-time high on Agrovet IPO approval")
Godrej Industries Q1 net up at Rs 64 crore
Shares of the company settled at Rs 395.50 on BSE, up 0.80% from previous close
 "Godrej Industries Q1 net up at Rs 64 crore")
Godrej Industries Q4 net down 16% to Rs 116 cr
The company had posted a net profit of Rs 138.96 crore in the January-March quarter a year-ago, Godrej Industries said in a BSE filing
