Hot Pursuit     19-May-23
Godrej Industries rises after Q4 PAT climbs 32% YoY to Rs 300 cr
Godrej Industries added 2.17% to Rs 470.50 after the company's net profit jumped 32.05% to Rs 300.08 crore in Q4 FY23 as compared with Rs 227.24 crore in Q4 FY22.
Revenue from operations rose 9.16% to Rs 4,852.11 crore in Q4 FY23 as compared with Rs 4,444.87 in corresponding quarter last year.

Profit before tax increased 22.43% to Rs 678.72 crore in Q4 FY23 as compare to Rs 554.38 crore recorded in the same period last fiscal.

Total expenses grew 9.83% year on year to Rs 4,615.12 crore in Q4 FY23. Cost of materials consumed was at Rs 2,269.52 crore (up 9.26% YoY), cost of property development came at Rs 2,061.92 crore (up 76.8%) and employee expenses stood at Rs 279.77 crore (up 32.09% YoY).

On full year basis, the company's net profit increased 49.11% to Rs 974.78 crore in FY23 as compared with Rs 653.73 crore in FY22. Revenue from operations jumped 18.47% year on year to 16,740.25 crore in FY23.

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.

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