Godrej Industries report 4-fold rise in Q3 net profit

Godrej Industries has reported results for third quarter ended December 31, 2012.

The company has posted 4-fold rise in its net profit at Rs 131.37 crore for the quarter as compared to Rs 28.51 crore for the same quarter in the previous year. However, total income of the company has decreased by 2.36% at Rs 346.11 crore for quarter under review as compared to Rs 354.47 crore for the quarter ended December 31, 2011.

On consolidated basis, the company's net profit more than doubled to Rs 179.44  crore for the quarter ended December 31, 2012 as compared to Rs 84.73  crore for the same quarter in the previous year. Total income of the company has increased by 15.83% at Rs 1722.98 crore for quarter under review as compared to Rs 1487.53 crore for the quarter ended December 31, 2011.