Godrej Industries Ltd's Q4FY16 consolidated net profit declines 16.43% yoy to Rs.116.13 crore : Beats Estimates

India Infoline News Service | Mumbai |

The company’s consolidated revenue stood at Rs. 2,562.63 crore, up 10.99% yoy and 5.41% qoq.

Godrej Industries Ltd, manufacturer of oleochemicals, reported consolidated net profit of Rs.116.13 crore for the quarter ended March 31, 2016, registering decline of 16.43% yoy and 16.44% qoq. The company’s revenue stood at Rs. 2,562.63 crore, up 10.99% yoy and 5.41% qoq.

Its consolidated core operating profit of Rs. 105.23 crore for the quarter, declined by 11.57% yoy and 23.87% qoq. Operating profit margin for the current quarter at 4.11% contracted by 104 bps yoy and 158 bps qoq.

For the year ended March 31, 2016, the company reported consolidated net profit of Rs. 484.43 crore, growing by 20.36% yoy. Its consolidated revenue for the period stood at Rs. 10,753.15 crore, registering growth of 16.5% yoy.

Godrej Industries Ltd's core operating profit stood at Rs. 630.79 crore, recording growth of 29.95% yoy. Operating margin for the current period at 5.51% expanded by 29 bps yoy.

On standalone basis,Godrej Industries Ltd, reported standalone net profit of Rs.31.73 crore for the quarter ended March 31, 2016, registering decline of 27.72% yoy and 35.3% qoq. The company’s revenue stood at Rs. 326.75 crore, up 5.67% yoy and 9.54% qoq.

Its standalone core operating profit stood at Rs. 9.99 crore for the quarter. However, the company had reported core operating loss of Rs.8.63 crore in the same quarter of the previous year and Rs. 0.79 crore in the preceding quarter. Operating profit margin for the current quarter at 3.06% contracted by 17 bps yoy and 29 bps qoq.

For the year ended March 31, 2016, the company reported standalone net profit of Rs. 157.30 crore, growing by 5.71% yoy. Its standalone revenue for the period stood at Rs. 1,309.51 crore, registering decline of 9.98% yoy.

Godrej Industries Ltd's core operating profit stood at Rs. 89.38 crore, recording growth of 19.09% yoy. Operating margin for the current period at 6.07% expanded by 91 bps yoy.

Result Highlights: (Rs. in crore)

Reported Results IIFL Estimates Variance (%)
Consolidated Revenue 2562.63 2459 4.21
Consolidated Net Profit 116.13 107 8.53

Consolidated EPS for the quarter stood at Rs. 3.45.

Stock Commentary:

Godrej Industries Ltd ended at Rs. 348.75, up by 2.1 points or 0.61% from its previous closing of Rs. 346.65 on the BSE.

The scrip opened at Rs. 348.85 and touched a high and low of Rs. 352.9 and Rs. 343.65 respectively. A total of 692457(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 11647.05 crore.

The BSE group 'A' stock of face value Rs. 1 touched a 52 week high of Rs. 411.55 on 10-Aug-2015 and a 52 week low of Rs. 290.35 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 356.65 and Rs. 338.1 respectively.

The promoters holding in the company stood at 74.81 % while Institutions and Non-Institutions held 17.43 % and 7.77 % respectively.

The stock traded above its 200 DMA.



***Note: This is a NSE Chart

 

Advertisements

  • Get your free IIFL Demat & Trading A/c now...Click here
  • Get IIFL express personal loan disbursal in just 8* hours...Know More
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.