Published on 14/02/2018 11:50:35 AM | Source: Dion Global Solutions Ltd

Godrej Industries posts Q3 net profit of Rs 238.46 cr

The company reported standalone net profit during the quarter stood at Rs 238.46 crore compared to net loss of Rs 42.31 crore in the previous year quarter. Net revenue of the company rose substantially by 33.03 per cent at Rs 495.13 crore in October-December quarter of this fiscal as against Rs 372.20 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 24.90 per cent to Rs 460.19 crore from Rs 368.44 crore in year ago period. Other Income grew by 20.77 per cent at Rs 7.85 crore versus (Dec'16 Rs 6.50 crore). Operating Profit surged by 100.69 per cent to Rs 34.94 crore as against Rs 17.41 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 50.85 per cent in December quarter. Interest declined by 3.90 per cent y-o-y to Rs 50.72 crore, while Taxation increased by 0.00 per cent at Rs 6.00 crore (Dec'16 Rs 0.00 crore).