Millennium Post

Godrej Industries April-June net jumps by 28.46 %

Godrej Industries on Friday posted a 28.46 per cent growth in consolidated net profit at Rs 53.25 crore for the first quarter ended 30 June, 2013, driven by strong performance in its agrovet business.

The company's consolidated net profit was Rs 41.45 crore in the corresponding period last year.

Income from operation on a consolidated basis grew by 3.55 per cent to Rs 1,879.81 crore during the reported quarter as compared to Rs 1,815.23 crore in the same period last year, Godre Industries said in a regulatory filing to stock exchanges.

The company expects the agri division to do well in the coming quarters and will be setting up additional five to six plants this year.
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