Godrej Industries Limited (GIL) has reported a strong financial performance for the second quarter, with significant growth in both revenue and profitability.

Financial Highlights

For Q2, Godrej Industries recorded:

• Consolidated revenue of ₹5,032.14 crore, up 5% year-on-year
• Net profit of ₹492.95 crore, a substantial 62% increase from ₹303.15 crore in the same quarter of the previous year
• Earnings per share (EPS) of ₹7.20, compared to ₹8.54 in the same quarter last year

Segment Performance

The company's diverse business segments contributed to its overall growth:

Business Highlights

Godrej Properties Limited (GPL)

GPL, a subsidiary of Godrej Industries, reported impressive results:

• Total income of ₹1,867 crore, up from ₹1,343 crore in the same quarter of the previous year
• Net profit after tax increased to ₹405 crore from ₹335 crore year-on-year
• Booking value grew 64% year-on-year to ₹8,505 crore
• Sold 4,522 homes with a total area of 7.14 million sq. ft.
• Added 4 new projects with an estimated saleable area of 5.82 million sq. ft.

Godrej Agrovet Limited (GAVL)

GAVL also contributed to the group's performance:

• Total income of ₹2,575 crore, compared to ₹2,461 crore in the same quarter of the previous year
• Net profit after tax of ₹93 crore, down from ₹112 crore in the same quarter last year
• Animal Feed segment delivered record quarterly volumes
• Vegetable Oil segment recorded stellar year-on-year growth in revenue and margins

Outlook

The company's strong performance across key segments, particularly in real estate and chemicals, suggests a positive outlook. However, Godrej Industries has not provided specific forward-looking statements or guidance for the coming quarters.

Investors and analysts may watch for continued momentum in the real estate segment and potential recovery in the agribusiness sector in the coming quarters.

Note: All figures are based on the consolidated results for Q2 as reported by Godrej Industries Limited.

Godrej Industries Limited , a diversified conglomerate, has released its financial results for the second quarter, revealing a mixed performance with increased revenue but a decline in net profit.

Financial Highlights

The company reported a significant increase in total income for Q2, rising to ₹6,290 crore from ₹5,118 crore in the same quarter last year, marking a 23% year-on-year growth. However, the net profit attributable to shareholders decreased by 16% to ₹242 crore, compared to ₹288 crore in the corresponding quarter of the previous year.

*Including share of profit in associates & exceptional items #With share of profit in associate companies, post reduction of non-controlling interest

Segment Performance

Godrej Industries' diverse portfolio showed varied performance across different segments:

Chemicals

Revenue increased by 29% to ₹1,059 crore, with a slight 2% increase in PBIT to ₹97 crore.

Animal Feeds

Reported revenue of ₹1,217 crore with a PBIT of ₹71 crore.

Vegetable Oils

Saw significant growth with revenue of ₹776 crore and PBIT of ₹127 crore.

Estate and Property Development

Emerged as a strong performer with revenue of ₹1,950 crore and PBIT of ₹674 crore.

Finance and Investments

Generated revenue of ₹840 crore with a PBIT of ₹83 crore.

Business Highlights

Godrej Properties Limited (GPL)

• Reported a robust performance with Q2 booking value growing 64% year-on-year to ₹8,505 crore.
• Sold 4,522 homes with a total area of 7.14 million sq. ft.

Godrej Agrovet Limited (GAVL)

• Animal Feed segment delivered record quarterly volumes.
• Vegetable Oil segment saw stellar year-on-year growth in revenue and margins.
• Crop Protection Business revenues stood at ₹213 crore.
• Dairy segment remained stable with value-added products showing ~10% growth.

Chemicals Division

Received the ICC Award for Best Compliant company for employee Health & Safety code.

Outlook

While Godrej Industries has shown strong revenue growth, the decline in net profit may be a point of concern for investors. The company's diversified portfolio appears to be providing some resilience, with strong performances in real estate and vegetable oils offsetting challenges in other segments.

The management may need to focus on improving profitability across segments to translate the robust revenue growth into better bottom-line results in the coming quarters.

Investors and analysts will likely keep a close eye on how Godrej Industries manages its diverse business portfolio and navigates the current economic environment to improve its overall financial performance.