Godrej Industries has allotted 1,00,000 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures having face value of Rs 1 lakh each aggregating to Rs 1,000 crore on private placement basis on 22 November 2024. Powered by Capital Market - Live

The terms of the series 1 debenture, which are rated, listed, unsecured, redeemable, and non-convertible, include a face value of Rs 1 lakh each, aggregating to Rs 500 crore, with a tenor of 3 years and 6 months. These NCDs have a fixed coupon rate of 8.10%. The terms of the Series 2 debentures, which are rated, listed, unsecured, redeemable, and non-convertible, include a face value of Rs 1 lakh each, aggregating to Rs 500 crore, with a term of 5 years. These NCDs have a fixed coupon rate of 8.15%. Both these debentures will be listed on the National Stock Exchange of India (NSE). Godrej Industries, a Godrej Group Company, is a conglomerate with a significant presence in home and personal care, animal feeds, dairy and agri-products, poultry, oil palm plantations, and real estate. Powered by Capital Market - Live

Revenue from operations jumped 22% YoY to Rs 4,804.96 crore in Q2 FY25. Profit before tax jumped 78.61% YoY to Rs 428.66 crore during the quarter. Total expenses increased 17.6% to Rs 4,815.08 crore in Q2 FY25 as compared with Rs 4,094.51 crore in Q2 FY24. Cost of material consumed stood at Rs 2418.57 crore (up 1.53% YoY), employee benefit expense was at Rs 340.80 crore (up 11.37% YoY), finance cost stood at Rs 476.92 crore (up 43.17% YoY) during the period under review. On standalone basis, the company reported net profit of Rs 152.52 crore in Q2 FY25 as compared with net loss of Rs 6.11 crore in Q2 FY24. Revenue from operations jumped 31.33% YoY to Rs 1075.46 crore in Q2 FY25. Godrej Industries, a Godrej Group Company, is a conglomerate with a significant presence in home and personal care, animal feeds, dairy and agri-products, poultry, oil palm plantation and real estate.Powered by Capital Market - Live

Net profit of Godrej Industries rose 229.46% to Rs 287.62 crore in the quarter ended September 2024 as against Rs 87.30 crore during the previous quarter ended September 2023. Sales rose 22.03% to Rs 4804.96 crore in the quarter ended September 2024 as against Rs 3937.61 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales4804.963937.61 22 OPM %11.966.74 - PBDT536.58329.70 63 PBT428.66240.40 78 NP287.6287.30 229 Powered by Capital Market - Live

Net profit of Godrej Industries reported to Rs 152.52 crore in the quarter ended September 2024 as against net loss of Rs 6.11 crore during the previous quarter ended September 2023. Sales rose 31.33% to Rs 1075.46 crore in the quarter ended September 2024 as against Rs 818.87 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1075.46818.87 31 OPM %29.5015.55 - PBDT175.5016.76 947 PBT152.52-6.11 LP NP152.52-6.11 LP Powered by Capital Market - Live

Godrej Industries will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live

The agency has reaffirmed the company's short-term rating at '[ICRA]A1+'. ICRA stated that the upgrade in the long-term rating and reaffirmation of the short-term rating of Godrej Industries Limited (GIL) factor in the sustained strong credit profile of its key investee companies and expectation that the same will continue over the medium term. Despite some moderation expected in market cover on account of anticipated increase in debt levels to finance further investments, the ratio is expected to remain at a comfortable level, going forward. Further, GIL has also started receiving increased dividend income from two of its investee companies, thus supporting its cash flows and liquidity. ICRA continues to take comfort from the management-stated guidance of maintaining its borrowings at an optimum level and monetising its investments, whenever required. The ratings continue to derive comfort from GIL's position as the holding company of the Godrej Group (GILAC Group) with its primary listed investee entities ' Godrej Consumer Products (GCPL), Godrej Properties (GPL) and Godrej Agrovet (GAVL) ' present in diverse business segments. ICRA notes that GIL's oleochemicals business performance has started improving on account of better demand in the global oleochemicals industry. It thus expects an improvement in GIL's interest coverage ratio and DSCR over the near term, also supported by the increased dividend income. While there are no major investment requirements in listed investees, GIL will continue to invest in its financial services arm, Godrej Capital (GCL), for strategic purposes over the next two-three years. CRA notes that while the company's investments in GCL have resulted in diversification of GIL's business areas into housing finance and non-banking finance, the NBFC business is currently at a nascent stage of operations and its ability to generate and scale up cash flows remain to be seen. While GIL's reliance on short-term borrowings for meeting its funding requirements exposes it to refinancing risks, the company has been able to refinance its commercial paper at lower rates than its peers in the rating category, indicating its exceptional financial flexibility and investor comfort. Godrej Industries (GIL) is the holding company of the GILAC Group Companies, which has interests in real estate, chemicals, agriculture and consumer goods (through its subsidiaries, associate companies and JVs). On a standalone basis, apart from being the holding company for the Group, GIL manufactures oleochemicals, where it is the domestic market leader with presence in various sub-segments (like fatty acids, fatty alcohols, glycerine and surfactants). The chemicals business caters to several end-user industries including FMCG, oil & gas, chemicals intermediates, pharmaceuticals, tyres etc. Powered by Capital Market - Live

Godrej Industries has received ratings action from ICRA as under:  Instrument Amount (Rs crore)  Rating     NCD 7000  ICRA AA+; Stable (upgraded)    Commercial paper 3500  ICRA A1+ (reaffirmed)    Long term fund based facilities - CC 90  ICRA AA+; Stable (upgraded)    Long term - term loan 226.32  ICRA AA+; Stable (upgraded)    Short term non fund based facilities 126  ICRA A1+ (reaffirmed)    Long / short term unallocated 1697.68  ICRA AA+; Stable (upgraded)/ ICRA A1+ (reaffirmed)  Powered by Capital Market - Live

Godrej Industries has received revision in credit ratings from CRISIL as under: NCD (Rs 7750 crore) - CRISIL AA+; Stable (upgraded from CRISIL AA; Stable) Commercial paper (Rs 3,500 crore) - CRISIL A1+ Powered by Capital Market - Live

Godrej Industries has allotted 1,626 equity shares under the Godrej Industries Limited - Employee Stock Grant Scheme, 2011. With this allotment, the paid up equity share capital has increased to 33,67,52,089 equity shares of Re 1 each. Powered by Capital Market - Live