Godrej Industries March-18 Financial Report 37% increase in yearly profit
Myequity news | Date : 23/05/2018 22:00:00
Godrej industries today report 631.10cr, that is 37% increase in consolidated yearly profit. Total income has raised 15.23% from8,651.40cr to 9,968.83cr. Consolidated EPS increased 75% from 7.13 to 12.48.
Revenue share of high margin Estate and Property Development business has increased by nearly 4% and low margin Animal feeds business has decreased by nearly 4%. This has resulted in overall improvement in margin.
Exceptional gain of Rs 267.38 crore resulted from sale of Godrej Agrovet Limited shares in IPO has been charged directly to balance sheet as per IND AS 110 accounting standards.
Company has also declared final dividend of Rs 1.75/Share (ex dividend date 02 Aug 2018).
Results were announced post trading hours. Stock has closed at 588.95 down 0.83%.