Feb 07, 2013, 03.53 PM | Source: CNBC-TV18
Godrej Industries posted a stellar 112 percent growth in net profit to Rs 179 crore during the December quarter on the back of a one-time gain.
“The reasons for the excellent results were mainly two: 1) finance strategic business unit (SBU) of the company did very well because of the Temasek investment in Godrej Agrovet and 2) this was the first quarter in which the losses of the Godrej Hershey joint venture did not get consolidated because we had sold our shares in Godrej Hershey to Hershey in the previous quarter,” chairman Adi Godrej told reporters.
However, Godrej’s chemical and poultry business did not do well in the quarter gone by. Godrej expects a turnaround in the chemical business by February-March period. “We expect the Indian economy to now start doing better and that all the businesses in Godrej Industries will benefit. We see good quarters going ahead,” he assures.
Speaking to CNBC-TV18’s Priya Seth, Adi Godrej s
Godrej Industries has informed that the Board of D
Godrej Industries in its meeting held on May 25, 2
Godrej Industries on May 25 reported a decline of
Sudarshan Sukhani of s2analytics.com is of the vie
HeidelbergCement India has reported a sales turnov
Medi-Caps has reported a sales turnover of Rs 6.77