Godrej Industries, India's leading manufacturer of oleochemicals, today reported a drop of 17.45% in net profit for the quarter ended September, 2012.

During the quarter, the net profit of the company decreased to Rs 766.2 million as compared with Rs 928.2 million in the same period last year.

Total income increased by 40.43% to Rs 19.78 billion from Rs 14.09 billion for the last year.

During the quarter, the operating profit margin decreased 104 bps to 4.31% from 5.35% for the same period last year.

Shares of the company gained Rs 0.25, or 0.08%, to settle at Rs 319.60. The total volume of shares traded was 57,725 at the BSE (Thursday).