The Hindu Business Line : Godrej Ind Q4 net lower at Rs 30 cr

GODREJ Industries Ltd has ended the fourth quarter ended March 31, 2005 with a net profit of Rs 30.32 crore against Rs 36.44 crore in the year-ago period.

Sales from operations were at Rs 209.29 crore (Rs 170.76 crore). For the full year, it reported a net profit of Rs 75.75 crore against Rs 65.11 crore in the previous year. Total income was Rs 818.27 crore (Rs 733.55 crore).

The board of directors has recommended a final dividend of Rs 4 per share.

Chemicals contributed Rs 542.36 crore to the revenue, while foods recorded Rs 191.92 crore for the full year. Chemicals turned in profits of Rs 62.30 crore (Rs 73.12 crore). However, foods reported a loss of Rs 8.57 crore against a loss of Rs 14.89 crore.

"Our interest costs in the fiscal of 2003-04 were down at Rs 5.80 crore because the rupee had appreciated against the dollar and we had dollar borrowings. For the 2004-05 fiscal, interest costs are at the normal level of Rs 25.82 crore," said Mr Adi Godrej, Chairman, Godrej Group.

The company, according to Mr Godrej, is doing very well. "We are expanding our fatty alcohol capacity by 60 per cent," he said.

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