 "Godrej Industries rallies on strong Q4 results")
Godrej Industries has rallied 10% to Rs 400 on the NSE in early morning trades after the company reported a 22% year-on-year (YoY) jump in its consolidated net profit at Rs 139 crore for the fourth quarter ended March 31, 2015 (Q4). The company had posted a net profit of Rs 114 crore in the same quarter of the last fiscal.
The consolidated net sales during the quarter under review grew 17.2% Y-o-Y at Rs 2,276 crore as against Rs 1,942 crore in the corresponding quarter of previous fiscal, Godrej Industries said in a statement.
EBIDTA or operating profit margin improved to 9.9% from 9.16%.
“For the fiscal year 2014-15, Godrej Agrovet has done well across verticals. We believe that our Agri business is one of the key enablers for future growth and I am confident that this business supported by our R&D centre and our state-of-the-art capacities will deliver strong performance going forward,” said Mr. A. B. Godrej, Chairman, Godrej Industries.
The stock opened at Rs 374 and touched a high of Rs 404, also its 52-week high on the NSE. A combined 1.80 million shares changed hands on the counter on the NSE and BSE till 0952 hours.
The consolidated net sales during the quarter under review grew 17.2% Y-o-Y at Rs 2,276 crore as against Rs 1,942 crore in the corresponding quarter of previous fiscal, Godrej Industries said in a statement.
EBIDTA or operating profit margin improved to 9.9% from 9.16%.
“For the fiscal year 2014-15, Godrej Agrovet has done well across verticals. We believe that our Agri business is one of the key enablers for future growth and I am confident that this business supported by our R&D centre and our state-of-the-art capacities will deliver strong performance going forward,” said Mr. A. B. Godrej, Chairman, Godrej Industries.
The stock opened at Rs 374 and touched a high of Rs 404, also its 52-week high on the NSE. A combined 1.80 million shares changed hands on the counter on the NSE and BSE till 0952 hours.