Godrej Industries announced its results for the quarter and financial year ended 31 March 2020.
Chemicals & Crop protection Segments Q4 Results:
GIL’s net profit from the chemicals segment saw a decline by 1% to Rs 37.93 crore ($5.0 million) in the fourth quarter as against Rs 38.37 crore ($5.1 million) in the prior year quarter.
GIL’s revenue from the chemicals segment saw a decline by 6% to Rs 390.22 crore ($51.6 million) in the latest quarter as against Rs 414.86 crore ($51.6 million) in the prior year quarter.
Crop Protection business net profit grew by 47% to Rs 48.34 crore ($6.4 million). It was Rs 32.96 crore ($4.4 million) in the year-ago period.
Crop Protection business revenue grew by 38% to Rs 250.10 crore ($33.1 million). It was Rs 181.05 crore ($23.9 million) in the year-ago period.
Chemicals & Crop protection Segments Full-Year Results:
GIL’s net profit from the chemicals segment rose by 6% to Rs 139.59 crore ($18.5 million) in the 2019-20 as against Rs 131.09 crore ($17.3 million) in the prior year period.
In full-year 2019-20, GIL’s revenue from chemicals segment was Rs 1603.73 crore ($212.0 million), a 4% decline as against the previous year’s Rs 1673.46 crore ($221.2 million).
Crop Protection business’ net profit in the 2019-20 financial year stood flat at Rs 230.95 crore ($30.5 million) as against Rs 231.27 crore ($30.6 million) in 2018-19.
Crop Protection business’ revenue from operations in the 2019-20 financial year stood at Rs 1,096.38 crore ($144.9 million), an 11% revenue growth as against Rs 987.54 crore ($130.5 million) in 2018-19.