BUSINESS

Godrej Industries Q1 net jumps 29 %

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Star Live 24, Star Live 24
Saturday, August 10, 2013
Published On: 23:29:54 PM

Godrej Industries posted a 28.5 per cent growth in its consolidated net profit at Rs.53.25 crore in the first quarter ended June 30, 2013, driven by strong performance in its agrovet business against Rs.41.45 crore in the corresponding period of the previous year. Income from operations, on a consolidated basis, grew 3.55 per cent to Rs.1,879.81 crore from Rs.1,815.23 crore, Godrej Industries said in a regulatory filing to stock exchanges.

Ansal Properties and Infrastructure has reported a 41 per cent decline in its consolidated net profit at Rs.8.69 crore for the quarter ended June 30, 2013, on increase in expenses and higher tax outgo, against Rs.14.81 crore in the year-ago period. Total income from operations, however, rose by 34 per cent to Rs.353.21 crore from Rs.264.23 crore.

In a filing to the BSE, the company said that the board had appointed Prabhunath Misra as Additional Director and Managing Director of the company from August 9. Pranav Ansal, who was company’s Vice-Chairman and Managing Director, has been re-designated as Vice Chairman and Whole-time Director.

Courtesy : The Hindu

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