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Shares of Godrej Industries gained nearly 13 per cent today after the company reported 21.57 per cent increase in consolidated net profit for the quarter ended March 31, 2015.
The stock climbed 12.76 per cent to Rs 409.50 — its 52-week high on the BSE.
On the NSE, it rose 12.8 per cent to Rs 409.70.
Godrej Industries had yesterday reported a 21.57 per cent increase in consolidated net profit at Rs 138.96 crore for the quarter ended March 31, 2015.
It had posted a net profit of Rs 114.30 crore in the same quarter of the last fiscal, the company had said in a filing to the BSE.
Godrej Industries’ net sales on a consolidated basis were Rs 2,275.82 crore during the quarter under review, up 17.21 per cent, against Rs 1,941.58 crore in the January-March period of 2013-14.
During the entire 2014-15 fiscal, the consolidated net profit increased 23.31 per cent to Rs 402.47 crore from Rs 326.37 crore a year ago.
Net sales during fiscal 2014-15 were at Rs 9,076.67 crore, up 16.92 per cent, against Rs 7,762.63 crore a year ago.
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