Companies

Godrej Industries Q3 net rises 39% to Rs 91 cr

Our Bureau PTI New Delhi | Updated on March 12, 2018 Published on February 11, 2015

Godrej Industries has posted a 39 per cent increase in consolidated net profit at Rs 91 crore for the third quarter ended December 31, 2014.

Total income increased by 17 per cent to Rs 2,374 crore.

In a statement, A B Godrej, Chairman, Godrej Industries, said: "Our agri-business continues to do well with profit growing by 29 per cent during the quarter. Godrej Properties had a good quarter delivering a growth of 112 per cent in total income,26 per cent growth in net profit and a 37 per cent increase in the volume of sales bookings. Construction of our new corporate headquarters 'Godrej One' is now completed. Godrej Properties has also completed its first project in Gurgaon - the first phase of Godrej Frontier.''

Net sales of the company rose to Rs 2,236.56 crore in the quarter under review, up 14.09 per cent from Rs 1,960.23 crore in the corresponding period of the previous fiscal.

Meanwhile, in a separate filing, the company said it has appointed P Ganesh as the Chief Financial Officer and Company Secretary of the company with effect from April 1.

“Clement Pinto, Chief Financial Officer, and K R Rajput, Company Secretary, will be stepping down from their respective positions, from the said date and will continue with Godrej Industries Ltd in other capacities,” the filing said, adding that P Ganesh will be the Compliance Officer with effect from April 1, 2015.

Shares of Godrej Industries were trading 1.04 per cent down at Rs 305.30 apiece during afternoon trade on the BSE.

Published on February 11, 2015
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