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Mumbai, July 29

On a consolidated basis, Godrej Industries has posted a 69 per cent increase in net profit at Rs 53 crore (Rs 31 crore). Total income stood rose to Rs 841 crore from Rs 675 crore during the first quarter. However, on a standalone basis, its net profit dipped 46 per cent from Rs 32.53 crore to Rs 17.26 crore. Commenting on the results, Mr Adi Godrej, Chairman, said, “Our consolidated results for the first quarter of the current fiscal is the result of an aggressive fo cus on creating and delivering shareholder value. Each of our subsidiaries and joint ventures has performed to expectation and remain vibrant businesses of the future.”

– Our Bureau

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