Godrej Ind net dips on slack show by chemicals biz

Our Bureau Mumbai | Updated on November 08, 2012 Published on November 08, 2012

Godrej Industries has reported a 13 per cent decrease in net profit at Rs 42 crore (Rs 48 crore) for the second quarter.

Total Income rose by 40 per cent at Rs 1,989 crore during the same period.

Consolidated net

Consolidated net profit for the first half of the year was up by 6 per cent at Rs 82 crore. Consolidated net income was up by 39 per cent at Rs 3,822 crore during the same period.

The performance of the chemicals business was impacted on account of raw material price fluctuation and a difficult global economic environment.

Commenting on the performance Adi Godrej, Chairman,Godrej Industries Ltd , said: “We have performed well in most of our core businesses despite a challenging macro-economic environment.”

Published on November 08, 2012
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