PBIT margin of Chemicals segment rose from 15.6% to 20.4%.  PBIT margin of Animal Feed segment fell from 4.8% to 4.7%.  PBIT margin of Veg Oils segment rose from 15.6% to 16.6%.  PBIT margin of Estate & Property Development segment rose from 37.5% to 45%.  PBIT margin of Finance and Investments segment rose from negative 37.6% to 5.4%.  PBIT margin of Dairy segment fell from negative 2.7% to negative 3.9%.  PBIT margin of Crop Protection segment fell from 7.1% to 4%.  PBIT margin of Others segment rose from negative 5.1% to 3.5%.  Overall PBIT margin rose from 11.8% to 13.2%. 

Operating profit margin has jumped from 6.90% to 9.71%, leading to 53.87% rise in operating profit to Rs 373.17 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 57.82% to 38.85%.   Purchase of finished goods cost fell from 6.37% to 1.97%.   Employee cost decreased from 4.83% to 3.62%.   Other expenses rose from 24.82% to 49.83%.   Selling and administration expenses rose from 13.22% to 42.34%.   Construction development cost rose from 13.22% to 42.34%.  

Other income rose 43.77% to Rs 316.19 crore.  PBIDT rose 49.06% to Rs 689.36 crore.  Provision for interest rose 48.46% to Rs 247.79 crore. 

PBDT rose 49.41% to Rs 441.57 crore.  Provision for depreciation rose 9.70% to Rs 77.93 crore. 

Profit before tax grew 61.97% to Rs 363.64 crore.  Share of profit/loss was 35.48% higher at Rs 96.69 crore.  Provision for tax was expense of Rs 78.67 crore, compared to Rs 46.71 crore.  Effective tax rate was 17.09% compared to 20.35%.

Minority interest increased 74.55% to Rs 67.08 crore.  Net profit attributable to owners of the company increased 117.82% to Rs 314.58 crore. 

Promoters’ stake was 67.17% as of 31 December 2022 compared to 67.18% as of 31 December 2021 .  Promoters pledged stake was 5.62% as of 31 December 2022 ,compared to 5.62% as of 31 December 2021. 

For year-to-date (YTD) results analysis

Net sales of Godrej Industries have increased 22.74% to Rs 11888.14 crore.  Operating profit margin has jumped from 5.71% to 7.66%, leading to 64.54% rise in operating profit to Rs 910.33 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 60.99% to 49.23%.   Purchase of finished goods cost fell from 7.80% to 3.89%.   Employee cost decreased from 5.24% to 4.13%.   Other expenses rose from 20.76% to 37.08%.   Selling and administration expenses rose from 8.61% to 27.35%.   Construction development cost rose from 8.61% to 27.35%.  

Other income rose 21.01% to Rs 788.98 crore.  PBIDT rose 40.99% to Rs 1699.31 crore.  Provision for interest rose 47.22% to Rs 659.19 crore. 

PBDT rose 37.31% to Rs 1040.12 crore.  Provision for depreciation rose 11.82% to Rs 225.14 crore. 

Profit before tax grew 46.54% to Rs 814.98 crore.  Share of profit/loss was 21.55% lower at Rs 186.87 crore.  Provision for tax was expense of Rs 143.38 crore, compared to Rs 158.37 crore.  Effective tax rate was 14.31% compared to 21.75%.

Minority interest increased 28.41% to Rs 183.78 crore.  Net profit attributable to owners of the company increased 58.18% to Rs 674.69 crore. 

Promoters’ stake was 67.17% as of 31 December 2022 ,compared to 67.18% as of 31 December 2021 .  Promoters pledged stake was 5.62% as of 31 December 2022 ,compared to 5.62% as of 31 December 2021 . 

The scrip is currently trading at Rs 423