Godrej Industries announced a good increase in consolidated net profit for the quarter ended March 2015. During the quarter, the profit of the company rose 22% to Rs 1.39 billion from Rs 1.14 billion in the same quarter last year.
Total Incom for the quarter rose 17% to Rs 24.33 billion, compared with Rs 20.75 billion for the prior year period.
Commenting on the performance for FY 2014-15, A. B. Godrej, chairman, Godrej Industries, said, ''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.
In a challenging environment for the real estate sector, Godrej Properties this year recorded a strong growth in the residential segment with both booking volumes and value increasing by 69% and 58% respectively. 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.
Godrej Consumer Products' business has shown a very strong performance backed by our continued focus on innovations and brand building, and supported by competitive marketing investments and enhancements in our go-to-market infrastructure. We have continued to grow ahead of the market and have gained share in our core categories.''
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Mar - 15 | Mar - 14 | %Change |
| Revenues | 23,087.90 | 19,922.50 | 15.89 |
| Net Profit | 1,389.60 | 1,143.00 | 21.57 |
| Diluted EPS | NA | NA | |
Shares of the company gained Rs 42.05, or 11.58%, to trade at Rs 405.20. The total volume of shares traded was 279,481 at the BSE (10.11 a.m., Thursday).
