Godrej Industries Q1 up 74% to 16.5 cr

New Delhi, July 24 (UNI) Godrej Industries Ltd today posted a rise of 74 per cent in its net profit to 16.5 crore for first financial quarter of year 2006-07, as against corresponding period last year.

The diversified Indian company with several business interests, Godrej posted its EPS (annualised) higher at Rs 13.6 as compared to Rs 7.8 last year.

''Our continued focus on strategic investments in group companies is yielding attractive returns. This quarter we have acquired 100 per cent stake of Nutrine Confectionery, the market leader in the confectionery business through Godrej Beverages and Foods Limited, one of our associate companies,'' GIL Chairman Adi Godrej said in a statement.

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