Godrej Industries Sees 81% Jump in Q1 Profit to Rs 322.49 Crore, Led by Higher Income
Get the latest news on Godrej Industries' Q1 earnings, including an 81% increase in profit to Rs 322.49 crore, driven by higher income from its chemicals, real estate, finance, and investments businesses.
Godrej IndustriesQ1 EarningsProfitRevenueChemicalsReal EstateFinanceInvestmentsGcplGodrej PropertiesGodrej AgrovetGodrej CapitalReal Estate NewsAug 13, 2024
The company's total income increased to Rs 5,259.41 crore in the April-June period of 2024-25 fiscal, compared to Rs 4,893.40 crore in the corresponding period of the previous year. Godrej Industries has a significant presence in chemicals, estate management (real estate), finance, and investments.
On the performance of its subsidiaries, joint ventures, and associate companies, Godrej Industries reported that the consolidated sales of Godrej Consumer Products Ltd (GCPL) stood at 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. 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 Godrej Consumer Products Ltd (GCPL), 47.3% in Godrej Properties, 64.9% in Godrej Agrovet, and 89.8% in Godrej Capital.
Godrej Industries is a leading Indian business conglomerate with a diverse portfolio of businesses, including chemicals, real estate, finance, and investments. The company has a strong presence in the Indian market and has been expanding its operations globally.
Godrej Industries Ltd is a leading Indian business conglomerate with a rich history dating back to 1897. The company has a diverse portfolio of businesses, including chemicals, real estate, finance, and investments. Godrej Industries is committed to delivering value to its stakeholders through its innovative products and services.
for subsidiaries
Godrej Consumer Products Ltd (GCPL) is a leading Indian consumer goods company with a portfolio of brands in the personal care, hair care, and household care segments.
Godrej Properties is a leading Indian real estate developer with a strong presence in the residential and commercial segments.
Godrej Agrovet is a leading Indian agribusiness company with a portfolio of products in the animal feed, crop protection, and dairy segments.
Godrej Capital is a leading Indian financial services company with a portfolio of products in the retail and wholesale segments.
Frequently Asked Questions
What is Godrej Industries' Q1 net profit for 2024?
Rs 322.49 crore
What is the reason for the increase in Godrej Industries' Q1 profit?
Higher income from its diverse business segments
What is Godrej Consumer Products Ltd's (GCPL) consolidated sales for Q1 2024?
Rs 3,311 crore
What is Godrej Properties' total income for Q1 2024?
Rs 1,638 crore
What is Godrej Agrovet's total income for Q1 2024?
Rs 2,360 crore
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