Godrej Industries Limited
NSE Symbol GODREJIND
GODREJ INDUSTRIES has produced very good consolidated results for 3rd qtr ending December,2010.
NET SALES has increased to Rs.1019 Cr – up by 2.99% from Q2 FY11 ; and by 19.54% from Q3 FY10.
PROFIT FROM OPERATIONS is Rs.27.4 Cr – up by 66.97% from Q2 FY 11 and up by 43.23% from Q3 FY 10.
CONSOLIDATED NET PROFIT is Rs.61 cr – down by 19.01% from Q2 FY 11 and Up by a good 38.74% from Q3 FY 10.
Basic EPS on a face value of Rs.1 is Rs.1.91 – against Rs.2.36 in Q2 FY11 and against Rs.1.38 in Q3 FY 10.
CONSOLIDATED RESULTS TABLE :
| Q3 FY 11 | |||
| Net Sales | 101914 | 98960 | 85252 |
| DIF %1 | 1019 | 2.99 | 19.54 |
| Other Oprtg Income | 503 | 349 | 1349 |
| Incr./Decr. in SIT / WIP | 3755 | 2223 | 3105 |
| Raw Materials | 72191 | 71525 | 59882 |
| traded goods | 2626 | 3476 | 2518 |
| Employees Cost | 5123 | 4865 | 4393 |
| Depreciation | 1443 | 1345 | 1242 |
| Other Expenditure | 14539 | 14234 | 13548 |
| Total Expenditure | 99677 | 97668 | 84688 |
| Profit from Operations | 2740 | 1641 | 1913 |
| DIF %2 | 27.4 | 66.97 | 43.23 |
| Other Income | 2869 | 5790 | 860 |
| Profit B I & EI | 5609 | 7431 | 2773 |
| Interest | 2119 | 2003 | 2252 |
| ProfitA I BB EI | 3490 | 5428 | 521 |
| Exceptional items | -2330 | -3241 | -2320 |
| Profit before tax | 5820 | 8669 | 2841 |
| Tax Expense | 1380 | 2463 | -347 |
| Net Profit after tax | 4440 | 6206 | 3188 |
| Extraordinary Items | 8 | - | - |
| Net Profit | 4432 | 6206 | 3188 |
| Minority Interest | 1098 | 1575 | 823 |
| Shares of Associates | -2743 | -2872 | -2015 |
| Other Related Items | - | - | - |
| Consolidated Net Profit | 6077 | 7503 | 4380 |
| DIF %3 | 61 | -19.01 | 38.74 |
| Face Value (in Rs.) | 1 | 1 | 1 |
| Paid-up Equity | 3176 | 3176 | 3176 |
| Reserves | - | - | - |
| Basic EPS B EI | 1.91 | 2.36 | 1.38 |
| Public Shareholding (%) | 20.9 | 20.9 | 20.9 |
STAND ALONE RESULTS :
Net Sales ARE Rs.278.90 cr – against Rs.242.83 cr in Q2 FY 11 and Rs.203.68 cr in Q3 FY 10.
Profit from Operations is Rs.14.00 cr against Rs.26.55 cr in Q2 FY11 and Rs.15.91 cr in Q3 FY 10.
Net Profit is Rs.24.97 cr against Rs.44.42 cr in Q2 FY 11 and Rs.13.40 cr in Q3 FY 10.
STAND ALONE RESULTS TABLE :
| Quarter Ended | 31-Dec-10 | 30-Sep-10 | 30-Jun-10 | 31-Dec-09 |
| Net Sales | 27890 | 24283 | 22597 | 20368 |
| Total Expenditure | 27785 | 24799 | 22269 | 21180 |
| Profit from Operations | 1400 | 2655 | 1591 | 74 |
| Other Income5 | 487 | 463 | 339 | 265 |
| Interest6 | 1541 | 1545 | 1418 | 1349 |
| Exceptional Items7 | -2306 | -3242 | -798 | -2300 |
| Tax expense | 155 | 373 | -30 | -401 |
| Net Profit | 2497 | 4442 | 1340 | 1691 |
| Face Value (In Rs | 1 | 1 | 1 | 1 |
| Paid Up Equity | 3176 | 3176 | 3176 | 3176 |
| Basic EPS | 0.79 | 1.4 | 0.42 | 0.53 |
| Public Shareholding (%) | 20.9 | 20.9 | 20.9 | 20.9 |
ANNOUNCEMENTS
TO THE EXCHANGE
24-01-2011 Godrej Industries Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on January 24, 2011 has approved capital expenditure of about Rs.52 crore for expansion of fatty acids manufacturing capacity at Valia, District Bharuch, Gujarat. The project would be financed through a mix of internal accruals and debt. The Board of Directors of the Company has authorised the Management Committee and certain Directors and officers of the Company to negotiate and finalise deal(s), execute document(s), take necessary permission(s) / approval(s), raise finance and carry out all such actions as may be necessary in this regard.
24-01-2011 Godrej Industries Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 101914 lacs for quarter ending on 31-DEC-2010 against Rs. 85252 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 6077 lacs for the quarter ending on 31-DEC-2010 against Rs. 4380 lacs for the quarter ending on 31-DEC-2009.
27-10-2010 Godrej Industries Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 98960 lacs for quarter ending on 30-SEP-2010 against Rs. 83098 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 7503 lacs for the quarter ending on 30-SEP-2010 against Rs. 6667 lacs for the quarter ending on 30-SEP-2009.
27-10-2010 Godrej Industries Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 24283 lacs for quarter ending on 30-SEP-2010 against Rs. 20713 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 4442 lacs for the quarter ending on 30-SEP-2010 against Rs. 3643 lacs for the quarter ending on 30-SEP-2009.
07-10-2010 Godrej Industries Limited has informed the Exchange that after surveillance, ICRA Limited (ICRA) has reaffirmed the following: (1) Rating for Commercial Paper Programme, (2) Rating for Short Term Loans and Non-Fund Based Limits, (3) Rating for Long Term Loans, Fund Based Limits and Non-Fund Based Limits.
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