Godrej industries net profit up 185 percent

May 29th, 2008 - 3:52 pm ICT by admin  

Mumbai May 29 (IANS) Godrej Industries has posted a net profit of Rs.1.68 billion registering a growth of 185 percent for the financial year 2007-08. The total income of the company increased by 25 percent to Rs.30.06 billion.

“Godrej Industries has delivered consistent results for the financial year under review. Its chemicals business bounced back strongly as a result of efficient buying and improved margins with a growing focus on exports,” Godrej Industries Limited Chairman Adi Godrej said in a statement Thursday.

The company will be coming out with an IPO and is in the process of filing its draft red herring prospectus with the Securities and Exchanges Board of India.

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