Mumbai, May 28: Godrej Industries has posted a consolidated profit after tax of Rs 168 crore for the year ended March 31, 2008.

The company’s total income was Rs 3,006 crore during the year.

Godrej Properties is in the process of filing a draft red herring prospectus with the Securities and Exchange Board of India to enter the market with an initial public offering, company officials said.

The company’s chemicals division reported a revenue growth of 21 per cent during the year at Rs 692 crore compared with Rs 572 crore in the previous fiscal.

Godrej Industries sold its medical diagnostics division to RFCL, a life sciences and lab solutions company.

“Godrej Industries has delivered consistent results for the financial year under review. Its chemicals business bounced back strongly as a result of efficient buying and improved margins with a growing focus on exports.

“Each of our subsidiaries and associates have performed in line with expectations and maintained their vibrancy through brand innovation and activities that are yielding positive results,” said Godrej Industries chairman Adi Godrej.

Godrej Consumer Products Limited, India’s second largest toilet soap manufacturer, achieved a revenue growth of 12 per cent for the fourth quarter and a revenue growth of 16 per cent in the financial year.

Profit after tax grew 33 per cent in the last quarter and by 19 per cent in this fiscal.