Godrej Industries part of the Godrej Group on Monday saw a jump of 43% in its net profit at Rs 109 crore in Jan-March 2011 from Rs 76 crore in the same period a year ago.
The company's annual net profit for 2010-11 was Rs 293 crore up by 44% against a net profit of R203 crore in FY2010, it said. It said in a statement that it also saw a 30% growth in its top line in the quarter and 24% increase in its top line in the current financial year.
The company credited the performance to concerted efforts taken at de-risking its oleo-chemicals business by improving contribution from specialty chemicals, and healthy growth in end-user industries.
The company manufacturers oleo-chemicals apart from several other chemicals, edible oils, vanaspati and bakery fats which it supplies to several manufacturing sectors and its own subsidiaries.
The company said another factor behind the good showing was the growth in its agriculture and real estate subsidiaries.