Godrej Industries reports 22% rise in Q2 consolidated net profit

12 Nov 2013 Evaluate

Godrej Industries has reported results for the second quarter ended September 30, 2013.

The company has reported a net profit of Rs 29.84 crore for the quarter as compared to a net loss of Rs 51.38 crore for the same quarter in the previous year.   However, total income of the company has decreased by 5.83% at Rs 374.18 crore for quarter under review as compared to Rs 397.37 crore for the quarter ended September 30, 2012.

On the consolidated basis, the group has registered a growth of 22.19% in net profit after taxes and minority interest of Rs 93.59 crore as compared to Rs 76.62 crore in the same quarter previous year. Total income of the group rose 4.74% to Rs 2083.36 crore for quarter under review as against Rs 1989.00 crore in corresponding quarter previous year.

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