Godrej Industries stock zooms nearly 13% on fourth quarter profit

Shares of Godrej Industries gained nearly 13% today after the company reported 21.57% increase in consolidated net profit for the quarter ended March 31, 2015. 

The stock climbed 12.76% to Rs 409.50 -- its 52-week high on the BSE. 

At the NSE, it rose by 12.8 per cent to Rs 409.70. Godrej Industries yesterday reported a 21.57% 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 consolidated basis were Rs 2,275.82 crore during the quarter under review, up 17.21%, as against Rs 1,941.58 crore in the January-March period of 2013-14. 

During the entire 2014-15 fiscal, Godrej Industries consolidated net profit also increased 23.31 per cent to Rs 402.47 crore as against Rs 326.37 crore a year ago. 

Net sales during fiscal 2014-15 were at Rs 9,076.67 crore, up 16.92%, against Rs 7,762.63 crore a year ago.