)
Diversified major Godrej Industries today posted a 22% rise in net profit at Rs 114.3 crore for the fourth quarter ended March 31.
The company had reported net profit of Rs 93.67 crore in the corresponding quarter a year ago.
Godrej Industries' net sales in the quarter under review rose by 38.07% at Rs 1,941.58 crore as against Rs 1,406.16 crore in the same quarter last year.
Commenting on the result, Godrej Industries Chairman A B Godrej said: "Overall performance has been encouraging despite a challenging macro-economic environment, with some of our core businesses registering sustained growth."
Overall expenses during the quarter stood at Rs 1,906.97 crore, an increase of 39.35% as against Rs 1,368.47 crore in the January-March quarter in the year ago period.
During year 2013-14, the company reported net profit of Rs 326.37 crore as against net profit of Rs 391.18 crore in the previous financial year.
The company reported net sales of Rs 7,762.63 crore during year 2013-14 compared with Rs 6,821.80 crore in the previous financial year.
The Board of Directors of the company has recommended final dividend of Rs 1.75 per equity share.
Shares of Godrej Industries closed at Rs 293.50 apiece on the BSE, down 2.83% from its previous close.
Godrej Industries is India's leading manufacturer of oleochemicals and makes more than a hundred chemicals for use in over two dozen industries. It also manufactures edible oils, vanaspati and bakery fats. Besides, it operates in real estate.
