Godrej Industries rallies post Q4 results; net profit up 22%

NEW DELHI: Godrej Industries Ltd surged as much as 10 per cent in trade on Thursday, a day after the company reported a 21.57 percent increase in its consolidated net profit at Rs 138.96 crore for the quarter ended March 31, 2015.

The Godrej Group company had posted a net profit of Rs 114.30 crore in the same quarter of the last fiscal, the company said in a filing to the BSE.

Godrej Industries' net sales on consolidated basis were Rs 2,275.82 crore during the quarter under review, up 17.21 percent, as against Rs 1,941.58 crore in the January-March period of 2013-14, PTI reported.

During the entire 2014-15 fiscal, Godrej Industries consolidated net profit also increased 23.31 percent to Rs 402.47 crore as against Rs 326.37 crore a year ago, added the report.