The company had posted a net profit of Rs 95.16 crore for the corresponding period of last fiscal, Godrej Industries said in a regulatory filing. Net sales on consolidated basis was up 41.77 percent at Rs 3,223.21 crore as against Rs 2,273.41 crore last fiscal.
"In a challenging environment for the real estate sector, Godrej Properties had a best ever quarter on every relevant parameter. GPL registered highest ever quarterly sales, revenues, EBITDA, net profit and cash flows. We look forward to building on this momentum in the year ahead," said AB Godrej Chairman of Godrej Industries.
Revenue from estate and property development was up over four folds to Rs 1,485 crore during the period under review as against Rs 316.74 crore of the corresponding quarter of the last fiscal.
However, revenue from animal food and veg oil segment was down 3.91 percent and 20.53 percent respectively to Rs 658.97 crore and 562.44 crore during the quarter under review as against Rs 685.79 crore and Rs 707.77 crore respectively.
Its net sales during the first half of the current fiscal increased 23.72 per cent to Rs 5,647.17 crore from Rs 4,564.29 crore in the same period a year ago. Godrej Industries Shares closed at Rs 391.45 on BSE, up 1.08 percent from the previous close.


Latest News  from Business News Desk