Godrej Industries reports 2% jump in Q1 consolidated net profit

Godrej Industries has reported results for first quarter ended June 30, 2016.

The company has reported a net loss of Rs 33.81 crore for the quarter as against net profit to Rs 12.01 crore for the same quarter in the previous year. Total income of the company decreased by 4.23% at Rs 338.29 crore for quarter under review as compared to Rs 353.24 crore for the quarter ended June 30, 2015.

On the consolidated basis, the company has reported 1.64% jump in its net profit at Rs 63.76 crore for the quarter ended June 30, 2016 as compared to Rs 62.73 crore for the same quarter in the previous year. However, total Income of the company increased by 33.16% to Rs 2101.21 crore for quarter under review from Rs 1577.96 crore for the quarter ended June 30, 2015.