Godrej Agrovet jumps on reporting 22% rise in Q1 consolidated net profit
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Godrej Agrovet is currently trading at Rs. 496.50, up by 9.00 points or 1.85% from its previous closing of Rs. 487.50 on the BSE.
The scrip opened at Rs. 501.25 and has touched a high and low of Rs. 521.95 and Rs. 492.00 respectively. So far 83904 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 560.00 on 13-Sep-2022 and a 52 week low of Rs. 391.20 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 521.95 and Rs. 468.45 respectively. The current market cap of the company is Rs. 9473.11 crore.
The promoters holding in the company stood at 74.05%, while Institutions and Non-Institutions held 14.74% and 11.21% respectively.
Godrej Agrovet has reported results for first quarter ended June 30, 2023 (Q1FY24). The company has reported 34.94% rise in its net profit at Rs 86.08 crore for the quarter under review as compared to Rs 63.79 crore for the same quarter in the previous year. However, total income of the company decreased by 1.29% at Rs 1832.58 crore for Q1FY24 as compared Rs 1856.54 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 22.13% rise in net profit at Rs 107.08 crore for the first quarter ended June 30, 2023 as compared to Rs 87.68 crore for the same quarter in the previous year. Total income of the company increased by 0.17% at Rs 2521.73 crore for Q1FY24 as compared Rs 2517.53 crore for the corresponding quarter previous year.
