Godrej Industries has posted 45.91 per cent increase in net profit at Rs 77.70 crore for the first quarter ending June 30, 2014 It had reported net profit of Rs 53.25 crore in the April- June period of the 2013-14 fiscal, Godrej Industries said.
Net sales of the company stood at Rs 2,290.88 crore in Q1 of 2014-15, up 23.67 per cent as compared to Rs 1,852.4 crore in the same period last fiscal.
"Despite delayed monsoon, our Agri businesses registered sustained momentum in revenues and marked improvement in profitability... With improved market sentiments and a strong foundation in place the company is well positioned to deliver," Godrej Industries Chairman A B Godrej said in a statement.