Godrej Industries (500164) Q1 24/25 earnings summary

Executive summary

• Consolidated total income for Q1 FY25 rose to ₹5,259 crore, up from ₹4,893.40 crore in Q1 FY24, with net profit after tax at ₹640.86 crore, compared to a net loss of ₹25.34 crore in Q1 FY24.

• Profit before tax for Q1 FY25 stood at ₹811.90 crore, a significant increase from ₹241.11 crore in Q1 FY24.

• Net profit grew 81% year-over-year to ₹322 crore, including share of profit in associates and after non-controlling interest.

Financial highlights

• PBDIT increased 82% year-over-year to ₹1,406 crore, and PBIT rose 90% to ₹1,305 crore.

• Total expenses for Q1 FY25 were ₹4,447.51 crore, compared to ₹4,652.29 crore in Q1 FY24.

• Other income included a one-time gain of ₹46.66 crore from the sale of a 5% equity stake in a joint venture.

• Earnings per share (basic) for Q1 FY25 was ₹9.58, up from ₹5.29 in Q1 FY24.

Outlook and guidance

• Forward-looking statements caution that results may differ due to changes in industry structure, economic environment, tax laws, and other external factors.

• Acquisition of Ethoxylation business for ₹45 crore post-quarter end to expand product offerings.