ICRA Equity Research has assigned fundamental grade of 4+ for Godrej Industries (GIL) indicating strong fundamentals. The grade indicates that the company’s fundamentals are superior relative to other listed equity securities in India.
On a consolidated basis, the company’s net sales rose by 41% YoY to Rs 13.99 crore and net profit (after minority interest) grew by 24% to Rs 92.80 crore for the quarter ending September 2011 (Q2 FY12).
Besides, GIL’s consolidated EBIDTA margins improved significantly 389 bps YoY to 6.7% in Q2 FY12 on account of healthier profitability in across properties, oleo-chemicals and agri-businesses.
The Group’s net profit for September quarter of 2011-12 has jumped by 23.72% at Rs 92.83 crore whereas the same was at Rs 75.03 crore for September quarter of 2011-12. Group’s total income has registered growth of 35.39% at Rs 1422.92 crore for the quarter ended September 30, 2011 whereas the same was at Rs 1050.99 crore for the quarter ended September 30, 2010.
