Diversified firm Godrej Industries today announced a consolidated net profit of Rs 52.82 crore for the first quarter ended June 30, 2008, against Rs 31.21 crore in the corresponding period a year ago.
In view of change in the company's shareholdings in the subsidiaries, joint ventures and associates, the consolidated results for the quarter are not strictly comparable with those of the previous quarter, Godrej Industries said in a filling to the Bombay Stock Exchange.
The consolidated total income of group rose to Rs 841.28 crore in April-June quarter from Rs 675.32 crore in the year-ago period.
"Godrej Industries' consolidated results for the first quarter of the current fiscal are the result of an aggressive focus on creating and delivering shareholder value," Godrej Industries' chairman Adi Godrej said.
"Each of our subsidiaries and joint ventures has performed to expectation and remain vibrant business of the future," he added.
On a standalone basis, company registered a net profit of Rs 17.26 crore for the first quarter of FY'09, against Rs 32.53 crore over the corresponding period a year ago.
The stand-alone total income rose to Rs 255.17 crore in the first quarter from Rs 170.64 crore in the year-ago period.
Shares of the company closed at Rs 174.50, down 2.43 per cent on the BSE.
