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24-May2018

Godrej Industries slips despite reporting over 4-fold jump in Q4 consolidated net profit

Godrej Industries is currently trading at Rs. 537.50, down by 21.45 points or 3.84% from its previous closing of Rs. 558.95 on the BSE.

The scrip opened at Rs. 551.70 and has touched a high and low of Rs. 554.50 and Rs. 525.00 respectively. So far 44995 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 699.70 on 21-Jul-2017 and a 52 week low of Rs. 501.50 on 06-Feb-2018.

Last one week high and low of the scrip stood at Rs. 583.00 and Rs. 525.00 respectively. The current market cap of the company is Rs. 18088.11 crore.

The promoters holding in the company stood at 74.74%, while Institutions and Non-Institutions held 16.84% and 8.42% respectively.

The company has reported a net loss of Rs 48.18 crore for the quarter ended March 31, 2018 as compared to net loss of Rs 34.14 crore for the same quarter in the previous year. However, total income of the company increased by 3.84% at Rs 497.55 crore for quarter under review as compared to Rs 479.14 crore for the quarter ended March 31, 2017.

On consolidated basis, the company has reported over 4-fold jump in its net profit at Rs 199.20 crore for the quarter ended March 31, 2018 as compared to Rs 45.54 crore for the corresponding quarter in the FY17. Total consolidated income of the company increased by 29.88% at Rs 2657.39 crore for quarter under review as compared to Rs 2045.96 crore for the same quarter ended previous year.

For the year ended March 31, 2018, the company has posted a net profit of Rs 241.40 crore as compared to net loss of Rs 145.24 crore for the previous year. Total income of company increased by 22.48% at Rs 2019.75 crore for year under review as compared to Rs 1649.05 crore for the year ended March 31, 2017.

For the year ended March 31, 2018, on the consolidated basis, the company has posted a rise of 64.31% in its net profit at Rs 421.37 crore as compared to Rs 256.45 crore for the previous year. Total consolidated income of company increased by 15.23% at Rs 9968.83 crore for year under review as compared to Rs 8651.40 crore for the year ended March 31, 2017.


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