Godrej Industries soars on reporting 13% rise in Q1 consolidated net profit
Godrej Industries is currently trading at Rs. 501.70, up by 8.20 points or 1.66% from its previous closing of Rs. 493.50 on the BSE.
The scrip opened at Rs. 494.00 and has touched a high and low of Rs. 507.95 and Rs. 492.00 respectively. So far 45169 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 523.55 on 03-Jul-2023 and a 52 week low of Rs. 395.20 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 507.95 and Rs. 469.00 respectively. The current market cap of the company is Rs. 16969.10 crore.
The promoters holding in the company stood at 67.17%, while Institutions and Non-Institutions held 12.60% and 20.23% respectively.
Godrej Industries has reported net loss at Rs 27.88 crore for the first quarter ended June 30, 2023 as compared to net profit of Rs 58.28 crore for the same quarter in the previous year. Total income of the company decreased by 25.08% at Rs 795.73 crore for Q1FY24 as compared Rs 1062.15 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 13.13% rise in its net profit at Rs 291.41 crore for the first quarter ended June 30, 2023 as compared to Rs 257.60 crore for the same quarter in the previous year. Total income of the company increased by 15.34% at Rs 4893.40 crore for Q1FY24 as compared Rs 4242.46 crore for the corresponding quarter previous year.