Business Daily from THE HINDU group of publications
Tuesday, Jul 25, 2006
Business Daily from THE HINDU group of publications Tuesday, Jul 25, 2006 |
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Corporate Results
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Personal Products Godrej Ind net profit up 74% Our Bureau
Mumbai , July 24 Godrej Industries Ltd (GIL) has announced 74 per cent increase in net profit for the first quarter ending June 30, 2006. The profits rose from Rs 9.45 crore in the corresponding quarter of the previous year to Rs 16.5 crore this fiscal. Total income slid by three per cent to Rs 181.6 crore (Rs 187 crore) because of the sell-out of foods division (excluding the bulk oil and processing business at Wadala). Total expenditure of GIL has come down to Rs 150.3 crore (Rs 163.7 crore) this quarter. The earnings per share (annualised) has gone up to Rs 13.6 (Rs 7.8). The chemicals division continues to be the forte of the company. It contributed 76 per cent to the total revenue and has shown a six per cent revenue growth.
SUBSIDIARY OVERVIEW
Godrej Properties Ltd (GPL), a subsidiary of GIL, recorded a revenue growth of 107 per cent this quarter. The subsidiary paid a total dividend of 96 per cent (for the financial year 2005 - 06) this quarter. The company is currently working on two IT parks and a mall in Kolkata. Godrej Sara Lee Ltd (GSLL) reported a revenue growth of 30 per cent in the first quarter. The net profit of the subsidiary has gone by 36 per cent. The company's shares ended at Rs 393.7, down 1.83 per cent from the previous close, on BSE.
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