Business Daily from THE HINDU group of publications
Tuesday, Oct 31, 2006

Cross Currency

Group Sites

Corporate Results - Diversified
Godrej Ind clocks Rs 12.64-cr net

Our Bureau

Mumbai , Oct. 30

Godrej Industries Ltd has seen a flat growth in profit for the quarter ended September 30. The company clocked a profit after tax (PAT) of Rs 12.64 crore for the quarter under review, as compared to Rs 12.57 crore for the corresponding period in the previous year.

The company registered a sales of Rs 203.56 crore, down from Rs 212.54 crore .

Meanwhile, the company clocked a 33 per cent increase in net profit for the six months ended September 30. The company clocked a profit after tax of Rs 29.16 crore for the period under review, as compared to Rs 22.02 crore in the corresponding period previous year. It clocked a sales of Rs 385.23 crore, as compared to Rs 399.55 crore.

Mr Adi Godrej, Godrej Industries' Chairman said, "Godrej Industries has reported an increase of 33 per cent in profit after tax at Rs 29.2 crore. The chemicals business has contributed 66 per cent to the total revenue of the company, though the margins are under pressure owing to industry cyclicality. The major subsidiaries and associates have been performing very well with Godrej Beverages and Foods launching a slew of new products and both Godrej Agrovet and Godrej Properties growing their respective businesses through joint-ventures, strategic alliances and launch of new projects."

Godrej Consumer

Meanwhile, Godrej Consumer Products Ltd has seen a six per cent dip in net profit at Rs 26.14 crore

for the quarter ended September 30, 2006, as compared to Rs 27.81 crore for the quarter ended September 30, 2005.

Total income (net of excise) has increased from Rs 163.13 crore to Rs 183.06 crore . Mr Godrej told Business Line that the dip in net profit was because previous year's performance included other income.

He expected the six to eight percent price hike on soaps to contribute to a good forthcoming quarter. Shares of Godrej Industries closed at Rs 151.30, up five per cent.

More Stories on : Diversified

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Godrej Ind clocks Rs 12.64-cr net

Tata Chem net up 25%
ITC net profit grows 18.7%
Reliance Comm posts Rs 702-cr net in Q2
Deccan Aviation Q1 net loss at Rs 42 cr
Birla Corp net up at Rs 67.54 cr
Madras Cements Q2 net quadruples
GHCL Q3 net sales up 17 pc
MRPL net profit drops to Rs 9 cr
GAIL Q2 net down 42 pc, turnover rises marginally
GSK Pharma net falls 7%
Aurobindo Pharma posts higher net
NTPC profit up 26.6%
Varun Shipping Q2 net up at Rs 45 cr
SAIL net up 28% in Q2
Monnet Ispat plans special purpose vehicle
Tata Steel Q2 net rises to Rs 1,101 cr
Jindal Steel net up 8 pc in Q2
Parry Agro net up at Rs 31.9 cr
Tata Motors Q2 net up 31%
Amara Raja PAT up at Rs 12.7 cr
Blue Star Q2 net rises 58.75 pc
ABB net rises 55%; order book rise 48%
Heritage Foods to launch pilot stores in November
IVRCL net up 39%
Sasken Tech net at over Rs 11 cr
Forex loss, tax charge dent MphasiS BFL net
Asian Paints Q2 net rises 27 pc; to pay Rs 5.50 interim
YES Bank Q2 net up 50 pc
Oriental Bank's Q2 net up 51 pc after GTB write-offs
Robust interest income lifts IOB net 25 pc
Indian Bank net grows 60 pc
UCO keen to rejig capital
PNB posts 20-pc rise in PAT; deposit costs down
Syndicate Bank Q2 net rises 17%
Simone Tata steps down

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line