Godrej Industries net up 97%

Godrej Industries has posted 97 per cent rise in net profit at Rs 32.53 crore in the quarter ended June 30, 2007 compared with Rs 16.52 crore earned in the corresponding quarter of 2006. Total income increased 11 per cent to Rs 201.45 crore in the quarter under review from Rs 181.67 crore in the quarter ended June 30, 2006.

According to a statement issued by Godrej Industries, the single major contribution to the company's total revenues was made by its chemical's division, which accounted 76 per cent of revenues.

The division showed revenues growth of 11 per cent during the first quarter of 2007-08. Godrej Agrovet, which deals in poultry, animal feed and other allied businesses, recorded revenues growth of 50 per cent during this period.

Godrej Properties clocked revenues growth of 85 per cent in the first quarter of the current financial year and has a total area of over 2.4 crore sq ft under development at present.

During the same period, Godrej Sara Lee recorded revenues growth of 17 per cent, while Godrej Hershey Foods and Beverages enjoyed 11 per cent revenues growth.