The company had posted a net profit of Rs 138.97 crore in the corresponding period of last fiscal. Net sales of the company rose by 6.80 per cent to Rs 2,388.79 crore in the quarter under review from Rs 2,236.56 crore in the corresponding period of the previous fiscal, Godrej Industries said in a BSE filing.

Commenting on the results, Godrej Industries Chairman AB Godrej said, "I am pleased to share that the overall performance of Godrej Industries Limited during the quarter has been good, with net profit growing by 53 percent."

During the quarter, overall expenses stood at Rs 2,327.69 crore, up 5.05 percent, as against Rs 2,215.79 crore in the same quarter a year ago.

Godrej Industries shares today closed 1.38 percent down at Rs 311.35 apiece on BSE.

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