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Godrej Industries Q4 net dips 61%

May 30 2012, 20:51 IST
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SummaryThe company had posted a net profit of Rs 109 crore during the same period of previous fiscal.

Godrej Industries today said its consolidated net profit declined by 60.55 per cent to Rs 43 crore for the fourth quarter ended March 31, 2012.

The company had posted a net profit of Rs 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 Rs 1,479 crore for the fourth quarter ended March 31, 2012, as compared to Rs 1,431 crore during the same period of previous fiscal.

For the year ended March 31, 2012, the company posted a net profit of Rs 292 crore, as against Rs 293 crore in 2010-11 fiscal.

The company's total income for the year ended March 31, 2012 rose to Rs 5,804 crore, as against Rs 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 Rs 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 Rs 202 crore, as against Rs 133 crore during 2010-11.

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

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

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