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Godrej Agrovet Ltd News

Godrej Agrovet Q4 results: Net profit jumps to Rs 65.48 cr, revenue up 1.8%

Godrej Agrovet (GAVL) on Wednesday said its consolidated net profit jumped to Rs 65.48 crore in the March 2024 quarter from Rs 23.47 crore a year ago. Its total revenue from operations grew 1.87 per cent to Rs 2,134.28 crore during the quarter under review compared to Rs 2,094.99 crore in the year-ago period. "The financial year 2023-34 augured well for Godrej Agrovet in terms of a robust surge in profitability over FY23. This growth in profitability was primarily driven by the exceptional performance of the domestic crop protection business, structural turnaround of the dairy business, market share gains in Animal Feed and robust volume and margin growth in branded products in our poultry business," Godrej Agrovet Managing Director B S Yadav said. Shares of the company on Wednesday closed at Rs 586 apiece, up 4.23 per cent on BSE.

Godrej Agrovet Q4 results: Net profit jumps to Rs 65.48 cr, revenue up 1.8%
Updated On : 08 May 2024 | 9:12 PM IST

Biz split impact: Godrej stocks rally up to 9%; Godrej Properties down 4%

Shares of Godrej Group companies rallied up to 9 per cent in Thursday's trading session after the Group announced a split in the 127-year old family business.

Biz split impact: Godrej stocks rally up to 9%; Godrej Properties down 4%
Updated On : 02 May 2024 | 10:36 AM IST

Godrej family splits: How to trade listed top Godrej stocks on BSE, NSE?

Technical outlook on Godrej group listed stocks: Shares of Godrej family have delivered mind-boggling returns of up to 73 fold in the past years. Here's what to expect in the near term.

Godrej family splits: How to trade listed top Godrej stocks on BSE, NSE?
Updated On : 02 May 2024 | 10:01 AM IST

Godrej Agrovet buys 7.37 lakh shares in Godrej Cattle Genetics for Rs 25 cr

Godrej Agrovet has bought 7.37 lakh shares in its subsidiary Godrej Cattle Genetics for Rs 25 crore through the rights issue. Godrej Cattle Genetics Pvt Ltd (GCGPL), the wholly-owned subsidiary of Godrej Agrovert, is engaged in agri-business and its principal business activities includes dairy farming and developing high-breed cattle and cattle embryo. In a regulatory filing on Thursday, the company informed that it has been allotted 7,37,463 fresh equity shares of GCGPL at a face value of Rs 10 per share. "The company has made additional investment aggregating up to Rs 25 crore in the equity share capital of GCGPL by way of subscription to the rights issue," the filing said. Godrej Agrovet had 100 per cent equity in GCGPL. Post acquisition of fresh equity shares, GCGPL will continue to be a wholly-owned subsidiary.

Godrej Agrovet buys 7.37 lakh shares in Godrej Cattle Genetics for Rs 25 cr
Updated On : 28 Mar 2024 | 8:20 PM IST

Godrej plans stake sale in food JV; in talks with potential investors

In talks with potential investors, including PE firms; valuation of company not disclosed

Godrej plans stake sale in food JV; in talks with potential investors
Updated On : 04 Mar 2024 | 9:15 PM IST

Godrej Agrovet Q3 results: Profit falls 21% to Rs 91.84 cr on lower demand

Consolidated net profit fell to Rs 91.84 crore ($11.1 million) for the three months ended Dec. 31 from Rs 116 crore a year earlier, the company said in an exchange filing

Godrej Agrovet Q3 results: Profit falls 21% to Rs 91.84 cr on lower demand
Updated On : 01 Feb 2024 | 7:04 PM IST