Godrej Industries posts 2 fold increase in net profit of Rs 121 cr for third quarter

Godrej Industries Wednesday reported over two-fold increase in consolidated profit after tax (PAT) to Rs 121.28 crore for the third quarter ended December 2018. The company had posted a net profit of Rs 50.54 crore in the corresponding period last fiscal.

The total income went up by 19 per cent to Rs 2,576 crore in the quarter under review. It stood at Rs 2,169 crore in October-December of the previous fiscal, Godrej Industries said in a BSE filing. During the quarter, the overall expenses rose 17.43 per cent to Rs 2,579.58 crore, compared to Rs 2,196.54 crore. Godrej Industries shares closed 1.63 per cent lower at Rs 483 apiece on the BSE.