Godrej Industries Ltd Share Price – NSE  / BSE

Chemicals, Small Cap

Net profit of Godrej Industries rose 81.11% to Rs 322.49 crore in the quarter ended June 2024 as against Rs 178.06 crore during the previous quarter ended June 2023. Sales declined 5.72% to Rs 4247.93 crore in the quarter ended June 2024 as against Rs 4505.66 crore during the previous quarter ended June 2023.

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Revenue from operations declined 5.72% year on year (YoY) to Rs 4,247.93 crore during the quarter ended 30 June 2024.

Profit before tax stood at Rs 872.61 crore in Q1 FY25, steeply higher than Rs 385.86 crore posted in the corresponding quarter last year.

Total expenses declined by 4.40% YoY to Rs 4,447.51 crore during the quarter. Cost of material consumed was at Rs 2,065.35 crore (down 12.28% YoY) and employee benefits expenses stood at Rs 341.73 crore (up 34.06% YoY) in Q1 FY25.

On standalone basis, the company reported a net profit was at Rs 105.26 crore in Q1 FY25 as compared with net loss of Rs 27.88 crore posted in Q1 FY24. Revenue from operations was at Rs 986.45 crore in Q1 FY25, up 28.51% year on year.

Godrej Industries, a Godrej Group Company, is a conglomerate with a significant presence in home and personal care, animal feeds, dairy and agri-products, poultry, oil palm plantation and real estate.

Shares of Godrej Industries rose 0.09% to currently trade at Rs 900.55 on the BSE.

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The Board of Godrej Industries at its meeting held on 07 August 2024 has approved the appointment of Nisaba Godrej (DIN: 00591503) as an Additional Director on the Board of Directors of the Company with effect from 07 August 2024. Nisaba Godrej will be a Non-Executive, Non-Independent Director of the Company and she is also a part of the Promoter Group of the Company.

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In an exchange filing, the diversified company said, “The board of directors have approved raising of funds by way of issuance of unsecured NCDs / bonds / other instruments, listed and/or unlisted, on private placement basis, in one or more tranches, for an amount not exceeding Rs 3,000 crore during the period of one year from the date of approval by the shareholders.”

Godrej Industries, a Godrej Group Company, is a conglomerate with a significant presence in home and personal care, animal feeds, dairy and agri-products, poultry, oil palm plantation and real estate.

The diversified company reported consolidated net loss of Rs 311.81 crore in Q4 FY24 as compared to net profit of Rs 300.08 crore recorded in Q4 FY23. Revenue from operations declined 5.87% year on year (YoY) to Rs 4,567.27 crore during the quarter ended 31 March 2024.

Shares of Godrej Industries added 0.70% to Rs 877.70 on the BSE.

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