Godrej Industries Reports 81% Profit Surge; Diverse Sector Performance Analyzed

Godrej Industries Ltd posted an 81% rise in consolidated net profit for Q1 2024, reaching Rs 322.49 crore, driven by higher income. Total income grew to Rs 5,259.41 crore. The conglomerate has stakes in various sectors including chemicals, real estate, finance, and investments.

Godrej Industries Ltd has reported an 81 percent increase in consolidated net profit, reaching Rs 322.49 crore for the April-June quarter of 2024, primarily due to higher income.

The company's net profit in the corresponding period last year was Rs 178.06 crore. Total income for the April-June period of the 2024-25 fiscal rose to Rs 5,259.41 crore, up from Rs 4,893.40 crore in the same period the previous year, according to a regulatory filing.

Godrej Industries, which operates in chemicals, real estate, finance, and investments, saw its subsidiaries and joint ventures post mixed results. Godrej Consumer Products Ltd's sales reached Rs 3,311 crore in Q1, while Godrej Properties' income increased to Rs 1,638 crore. However, Godrej Agrovet's income declined to Rs 2,360 crore. Meanwhile, the chemicals business saw revenue rise to Rs 732 crore.

(With inputs from agencies.)