Godrej Industries Q2 results: Profit up 9% YoY to Rs 156 crore, revenue jumps 23% | Jobs Recent

Godrej Industries on Monday reported a 9% rise in its consolidated net profit to Rs 156 crore in the September quarter of FY23 compared to Rs 144 crore in the same quarter of FY22.

Its operating income rose 22.59% to Rs 4,021 crore in Q2 2023 from Rs 3,280 crore in Q2 2022. While the company’s total expenses rose 23.27% to Rs 4,099 crore in Q2 2023. from Rs 3,325 crore in Q2 2022.

The company’s EPS also rose to Rs 4.64 in Q2FY23 from Rs 4.26 in Q2FY22.

Consolidated consumer business sales increased 7% year-over-year, while consolidated EBITDA decreased 15% year-over-year. The consolidated net profit of the consumer goods business also fell by 21% year-on-year.

In the chemicals business, revenues increased by 63% in the second quarter of 2023 and by 62% in the first half of 2023. Q2FY23 PBIT up 160% & H1FY23 up 197% while Q2FY23 exports stood at Rs 398 crore.

Godrej Industries’ real estate business posted highest ever sales in the first half of the year – book value of Rs 4,929 crore. Q2FY23 witnessed a total booking value of Rs 2,409 crore and a total booking volume of 2.71 million sqft.

After the earnings announcement, shares of Godrej Industries fell nearly 3% to Rs 402.60 from the previous day’s closing price of Rs 413.80 per share.

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