Godrej Industries Q1 profit at Rs 186 crore

By: |
August 13, 2021 9:24 PM

Revenue from operations was at Rs 2,890.49 crore during the quarter. It was Rs 1,980.06 crore in the corresponding quarter last fiscal year.

GPCLGIL is a holding company of the Godrej Group

Godrej Industries on Friday reported a consolidated net profit of Rs 185.97 crore for the first quarter ended June 30, 2021.

The company had posted a net profit of Rs 107.14 crore for the  year-ago period, Godrej Industries Ltd (GIL) said in a BSE filing.

Revenue from operations was at Rs 2,890.49 crore during the quarter. It was Rs 1,980.06 crore in the corresponding quarter last fiscal year.

Total expenses were at Rs 2,945.53 crore.

The company said its results are not comparable with the previous year periods as it has done acquisition and changes in the shareholding of some of its subsidiaries and joint ventures.

“In view of acquisitions and changes in the company’s / Group’s shareholdings during the period/year in some of the subsidiaries, joint ventures and associates, the consolidated results for the period/year are not strictly comparable with those of the previous periods/year,” it said.

GIL is a holding company of the Godrej Group. It has significant interests in consumer goods, real estate, agriculture, chemicals and financial services through its subsidiary and associate companies, across 18 countries.

GIL’s revenue from the Chemicals segment was at Rs 621.43 crore. It was Rs 245.62 crore in the corresponding quarter of previous year.

Animal Feeds revenue was at Rs 1,001.29 crore. It was Rs 748 crore in April-June 2020-21.

Revenue from vegetable oils was at Rs 469.36 crore. It was Rs 260.73 crore in the year-ago quarter.

Revenue from Estate and Property Development was Rs 278.95 crore. The year-ago figure was Rs 207.08 crore.

Dairy business revenue was Rs 266.53 crore. The figure was at Rs 236.56 crore in April-June 2020-21.

Crop Protection revenue was at Rs 369.22 crore. It was Rs 320.84 crore earlier.

In a separate filing, GIL informed that Adi Godrej will step down as Chairman and from the Board of Directors with effect from October 1, 2021.

“He will continue to serve as Chairman of the Godrej Group and Chairman Emeritus of GIL. Nadir Godrej, who is currently Managing Director of GIL, will take over as Chairman and Managing Director of the company,” it said.

Shares of GIL on Friday settled at Rs 562.05 apiece on BSE, down 0.57 per cent from previous close.

 

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1ZEEL management stands behind its two independent directors who had resigned
2MSME, other retailers expect full recovery in retail sales by October to pre-pandemic levels
3Airtel secures TDSAT stay on DoT’s Rs 1,376 cr demand