Godrej Consumer Products reports 4% fall in Q3 consolidated net profit
Godrej Consumer Products has reported results for third quarter ended December 31, 2016.
The company has reported 19.33% rise in its net profit at Rs 231.40 crore for the quarter under review as compared to Rs 193.91 crore for the same quarter in the previous year. However, total income of the company decreased marginally by 0.26% at Rs 1296.08 crore for the quarter under review as compared Rs 1299.48 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 4.34% fall in its net profit at Rs 351.78 crore for the quarter ended December 31, 2016, as compared to Rs 367.75 crore for the same quarter in the previous year. However, total income of the company increased by 8.76% to Rs 2504.65 crore for quarter under review from Rs 2302.88 crore for the quarter ended December 31, 2015.
Technical Levels for Godrej Consumer Products
Support at 1545 and Resistance at 1600—1610
Looks positive and could touch its resistance level of 1600—1610, further upside rally will see on close above 1610.
Else could touch its support level of 1545
Looks weak on close below 1545
More will update soon!!
