Godrej Ind Q3 PAT up 43 per cent

By PTI | Jan 30, 2007, 06.50 PM IST

New Delhi: Godrej Industries Ltd today reported a rise of 43 per cent in its profit after tax (PAT) at Rs 32.3 crore for the quarter ended December 31 as compared to Rs 22.58 crore in the year-ago quarter.

For the nine-month ended December 31, the company reported a 38 per cent rise in its PAT at Rs 61.4 crore as against Rs 44.49 crore in the year ago period, the statement said.

"The chemicals business witnessed an increased throughput of fatty alcohol from the recently commissioned export oriented unit at Valia, Gujarat, though the margins in this category continue to be under pressure," Godrej Industries Chairman Adi Godrej said in a statement.

The chemicals division reported a revenue growth of eight per cent at Rs 414 crore for the nine month period this fiscal as against Rs 384 crore in the same period last fiscal.

Godrej Agrovet, involved in the business of animal feeds and agri inputs reported a revenue growth of nine per cent for the nine month period.

The nine month revenue growth for Godrej properties was 66 per cent while for Godrej Global Solutions it was 31 per cent, it said.

Godrej Sara Lee reported a revenue growth of 20 per cent and PAT growth of 39 per cent. The Godrej subsidiary also declared an interim dividend of 113 per cent in the third quarter of fiscal 2006-07.

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