Godrej Industries Q4 Net dips 61 Percent at 43 cr

Thursday, 31 May 2012, 05:43 Hrs
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New Delhi: Godrej Industries said its consolidated net profit declined by 60.5 percent to 43 crore for the fourth quarter ended March 31, 2012.

The company had posted a net profit of 109 crore during the same period of previous fiscal, Godrej Industries said in a statement.

The decline was mainly on account of elimination of profit related to intra-group transactions, it added.

Total income of the company stood at 1,479 crore for the fourth quarter ended March 31, 2012, as compared to 1,431 crore during the same period of previous fiscal.

For the year ended March 31, 2012, the company posted a net profit of 292 crore, as against 293 crore in 2010-11 fiscal. The company's total income for the year ended March 31, 2012 rose to 5,804 crore, as against 4,602 crore during the previous fiscal.

Commenting on the results Godrej Industries Ltd Chairman Adi Godrej said: "We delivered strong operating results across all our core businesses in a challenging macro-economic environment".

On a standalone basis, the company posted a net profit of 71 crore for the fourth quarter, as compared to Rs 51 crore during corresponding period of previous fiscal.

For the year ended March 31, 2012 the company posted a net profit of 202 crore, as against 133 crore during 2010-11.

The company's board which met today has recommended a final dividend of 1.75 per equity share for the financial year 2011-12.

Shares of Godrej Industries today closed at 254.85 on the BSE, down 0.95 per cent from its previous close.
Source: PTI
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