Godrej Industries Ltd. Reports Audited Standalone and Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 2017
May 22, 2017 at 05:42 pm IST
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Godrej Industries Ltd. reported audited standalone and consolidated earnings results for the fourth quarter and year ended March 31, 2017. For the quarter, on standalone basis, the company reported revenue from operations of INR 4,588.1 million compared to INR 3,462.6 million a year ago. Loss before exceptional items and tax was INR 342.5 million compared to INR 356.0 million a year ago. Loss from ordinary activities before taxation was INR 342.5 million compared to INR 785.1 million a year ago. Net loss for the period was INR 341.4 million or INR 1.0149 per diluted share compared to profit of INR 658.7 million or INR 1.9590 per diluted share a year ago.
For the year, on standalone basis, the company reported revenue from operations of INR 16,021.7 million compared to INR 13,938.6 million a year ago. Loss before exceptional items and tax was INR 1,453.5 million compared to profit of INR 1,259.5 million a year ago. Loss from ordinary activities before taxation was INR 1,453.5 million compared to profit of INR 82.6 million a year ago. Net loss for the period was INR 1,452.4 million or INR 4.3174 per diluted share compared to profit of INR 342.1 million or INR 1.0171 per diluted share a year ago.
For the quarter, on consolidated basis, the company reported revenue from operations of INR 19,819.9 million compared to INR 18,542.5 million a year ago. Profit before exceptional items and tax was INR 299.4 million compared to loss of INR 171.1 million a year ago. Profit from ordinary activities before taxation was INR 1,162.7 million compared to loss of INR 609.7 million a year ago. Profit for the period was INR 952.3 million or INR 1.0518 per diluted share compared to loss of INR 570.3 million or INR 1.8494 per diluted share a year ago. PBDIT was INR 1,540 million compared to INR 260 million a year ago. PBIT was INR 1,150 compared to INR loss of INR 110 million a year ago.
For the year, on consolidated basis, the company reported net sales (net of excise duty) of INR 84,825.3 million compared to INR 75,493.0 million a year ago. Profit before exceptional items and tax was INR 2,666.1 million compared to INR 1,378.6 million a year ago. Profit from ordinary activities before taxation was INR 6,262.3 million compared to INR 4,316.8 million a year ago. Profit for the period was INR 4,588.2 million or INR 7.1210 per diluted share compared to INR 3,229.9 million or INR 4.5099 per diluted share a year ago. PBDIT was INR 8,370 million compared to INR 6,470 million a year ago. PBIT was INR 6,890 compared to INR loss of INR 5,300 million a year ago.
Godrej Industries Limited is a holding company. The Company's segments include Chemicals, Animal Feeds, Veg Oils, Estate and Property Development, Finance and Investments, Dairy, Crop Protection, Hospitality, and Others. Chemicals segment includes the business of production and sale of oleochemicals and surfactants, such as, fatty alcohols, esters and waxes, refined glycerin, sodium lauryl sulphate and sodium lauryl ether sulphate. Animal Feed segment includes the business of production and sale of compound feeds for cattle, poultry, shrimp and fish. Veg Oils segment includes the business of processing and bulk trading of refined vegetable oils and vanaspati, international vegetable oil trading and oil palm plantation. Estate and property development segment includes the business of development and sale of real estate and leasing and leave and licensing of properties. Finance and Investments includes financial services and investments in associates companies and other investments.