Godrej Industries reports 2-fold jump in Q4 consolidated net profit
13th May 2019

Godrej Industries has reported results for the fourth quarter and year ended March 31, 2019. 

The company has reported a net loss of Rs 243 crore for the quarter ended March 31, 2019 as compared to net loss of Rs 48.05 crore for the same quarter in the previous year. However, total income of the company increased marginally by 1.55% at Rs 505.53 crore for quarter under review as compared to Rs 497.80 crore for the quarter ended March 31, 2018.

On consolidated basis, the company has reported 2-fold jump in its net profit at Rs 432.65 crore for the quarter ended March 31, 2019 as compared to Rs 178.30 crore for the corresponding quarter in the FY18. Total consolidated income of the company rose 34.04% at Rs 3,141.28 crore for quarter under review as compared to Rs 2,343.48 crore for the same quarter ended previous year.

For the year ended March 31, 2019, the company has posted a net loss of Rs 90.73 crore against net profit of Rs 241.51 crore for the previous year. However, total income of company increased 8.21% at Rs 2,185.78 crore for year under review as compared to Rs 2,020.02 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted rise of 78.32% in its net profit at Rs 863.73 crore as compared to Rs 484.36 crore for the previous year. Total income of company increased by 20.01% at Rs 11,623.22 crore for year under review as compared to Rs 9,685.45 crore for year ended March 31, 2018.