Revenue from operations stood at Rs 3,937.61 crore during the quarter, down 2.07% from 4,021.04 crore posted in Q2 FY23.

Profit before tax grew by 7.51% year on year to Rs 240.40 crore in the quarter ended 30 September 2023.

On half-yearly basis, the company’s net profit declined 26.31% to Rs 265.36 crore despite of revenue increased by 4.94% to Rs 8,443.27 crore in H1 FY24 over H1 FY23.

Meanwhile, the company’s board has approved raising upto Rs 1,500 crore through issuance of unsecured nonconvertible debentures (NCDs) / bonds / other instruments, listed and/or unlisted, on private placement basis, in one or more tranches, during the period of one year from the date of approval by the shareholders.

Further, the board has also approved increasing the limit of issuing commercial papers by the company to Rs 3,500 crore from existing limit of Rs 2,500 crore.

Godrej Industries, a Godrej Group Company, is a conglomerate with a significant presence in home and personal care, animal feeds, dairy and agri-products, poultry, oil palm plantation and real estate.