Godrej Industries Sees 81% Jump in Q1 Profit to Rs 322 Crore
Godrej Industries reports strong Q1 results with profit rising 81% to Rs 322 crore, driven by higher income from its diverse business segments.
Godrej IndustriesQ1 ResultsProfitIncomeChemicalsReal EstateFinanceInvestmentsReal Estate NewsAug 13, 2024
The significant jump in profit can be attributed to the company's higher income, which increased to Rs 5,259.41 crore in the April-June period of 2024-25, compared to Rs 4,893.40 crore in the same period of the previous year.
Godrej Industries has a diverse presence across various sectors, including chemicals, estate management (real estate), finance, and investments. The company's subsidiaries, joint ventures, and associate companies have also performed well during the quarter.
Godrej Consumer Products Ltd (GCPL), one of the company's subsidiaries, reported consolidated sales of Rs 3,311 crore in the first quarter of this fiscal. Godrej Properties, another subsidiary, saw its total income grow to Rs 1,638 crore in the April-June period of this fiscal, up from Rs 1,315 crore in the year-ago period.
However, Godrej Agrovet's total income declined to Rs 2,360 crore in the period under review, compared to Rs 2,522 crore a year ago. On the other hand, the revenue of the chemicals business rose to Rs 732 crore from Rs 726 crore.
According to the investor presentation, Godrej Industries has a significant stake in its subsidiaries, including 23.7% in GCPL, 47.3% in Godrej Properties, 64.9% in Godrej Agrovet, and 89.8% in Godrej Capital.
About Godrej Industries Ltd
Godrej Industries Ltd is a leading business conglomerate with a diverse presence across various sectors, including chemicals, estate management (real estate), finance, and investments. The company has a significant stake in its subsidiaries, including Godrej Consumer Products Ltd, Godrej Properties, Godrej Agrovet, and Godrej Capital.
Frequently Asked Questions
What is the net profit of Godrej Industries Ltd in Q1 of 2024-25?
Rs 322.49 crore
What is the total income of Godrej Industries Ltd in Q1 of 2024-25?
Rs 5,259.41 crore
What is the stake of Godrej Industries Ltd in Godrej Consumer Products Ltd?
23.7%
What is the revenue of the chemicals business of Godrej Industries Ltd in Q1 of 2024-25?
Rs 732 crore
What is the total income of Godrej Properties in Q1 of 2024-25?
Rs 1,638 crore
Related News Articles
The Metaverse Revolution: Digital Real Estate Market Soars to New Heights
Get ready to explore the booming digital real estate market in the metaverse, with Decentraland, Sandbox, and Uplandme leading the charge.
Economic Growth and Urban Expansion Drive Residential Real Estate Demand
Explore how economic growth and urban expansion are fueling the demand for residential properties, particularly in bustling cities like Mumbai. This article delves into the trends shaping the real estate market and offers insights for potential homebuyers.
International Property Show Announces Nominations for IPS Awards 2025
The International Property Show (IPS) has officially opened nominations for the highly anticipated IPS Awards 2025, recognizing excellence and innovation in the global real estate sector. Suhail Saleh, Director of Awards, expressed his enthusiasm, stating
Real Estate Transactions Plunge 71% in Q3 2024: What's Behind the Steep Decline?
The sharp decline in real estate transaction values in the third quarter of 2024 can be attributed to the absence of large-scale deals, according to a Grant Thornton report.
Catholic Church Surpasses Waqf Board in Landholdings: A Real Estate Milestone
The Catholic Church in India has emerged as a major player in the real estate market, surpassing the Waqf Board in landholdings. The total estimated value of these properties is around Rs 20,000 crore, making the Church a significant force in the country's real estate landscape.
Institutional Investments in Indian Real Estate Surge by 31%: Colliers Report
Institutional investments in Indian real estate have surged by 31% according to a recent report by Colliers. This growth is particularly notable in key cities like Mumbai, Gurugram, and Bangalore, where the demand for both residential and commercial properties continues to rise.