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Godrej Industries gains after strong Q4 earnings

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Capital Market

The Q4 result was announced after market hours on Tuesday, 28 May 2013.

Meanwhile, the S&P BSE Sensex was down 57.72 points or 0.29% at 20,103.10.

On BSE, 3,673 shares were traded on the counter as against average daily volume of 26,683 shares in past two weeks.

The stock hit a high of Rs 302 and a low of Rs 298.15 so far during the day.

Godrej Industries' consolidated net profit jumped 34% to Rs 391 crore on 24% growth in total income to Rs 7198 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

 

Godrej Industries has substantial interests in several industries including property development, oil palm plantation, animal feeds and agro-products, poultry, personal care and household care through its subsidiaries and associate companies.

Mr. A. B. Godrej, Chairman, Godrej Industries said that the agri businesses recorded encouraging growth in a challenging environment and despite a highly irregular monsoon. With focus on adding innovative products and with new capacities, the agri businesses will continue on its growth momentum in the years to come, he said. With regard to the company's subsidiary Godrej Properties which is into property development business, Mr. Godrej said that the company's national presence, strong brand equity, differentiated business model and a large number of new projects should enable it to deliver strong growth in the coming years.

With regard to FMCG firm Godrej Consumer Products in which Godrej Industries holds 21.6% stake, the management remains optimistic of continuing the strong growth momentum.

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First Published: May 29 2013 | 9:21 AM IST

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