Godrej Industries on Wednesday reported a decline of 16.4 per cent in consolidated net profit at Rs. 116.1 crore for the fourth quarter ended March 31, 2016.
The company had posted a net profit of Rs. 138.9 crore in the January-March quarter in the same period last year, Godrej Industries said in a BSE filing.
Net sales of the company were up 11.76 per cent during the quarter under review at Rs. 2,543.7 crore as against Rs. 2,275.8 crore in the corresponding quarter of the previous fiscal.
The company posted a consolidated revenue of Rs. 290.4 crore from the chemicals division and Rs. 577.8 crore from vegetable oil segments during the quarter under review. It was Rs. 293.7 crore and Rs. 546.1 crore respectively during the same quarter last fiscal.
Revenue from estate and property development and animal feed segment in the January-March quarter was Rs. 537.1 crore and Rs. 668.5 crore, as against Rs. 727.1 crore and Rs. 630.5 crore, respectively.
For 2015-16, Godrej Industries’ consolidated net profit was up 20.4 per cent at Rs. 484.4 crore as against a net profit of Rs. 402.5 crore in the previous fiscal.
Its net sales were up 16.65 per cent to Rs. 10,579.6 crore in 2015-16 as against Rs. 9,076.7 crore in 2014-15.
Godrej Industries chairman A.B. Godrej said: “In a challenging environment for the real estate sector, Godrej Properties had its best ever year in every parameter. GPL registered its highest ever bookings, revenues, EBITDA, net profit, cash flows and deliveries.”
He said: “Despite a poor monsoon and subdued commodity prices, Godrej Agrovet had a steady performance in this fiscal, with total income increasing by 14 per cent over the previous year... Our chemicals business also had an encouraging performance in the fiscal year 2016.”
Shares of Godrej Industries settled 0.6 per cent higher at Rs 348.75 apiece on the Bombay Stock Exchange. —PTI
