Cigarette maker Godfrey Phillips India today reported an over three-fold jump in its standalone net profit at Rs 38.44 crore for the third quarter ended December 31, 2016.
The company had reported a net profit of Rs 12.50 crore in October-December quarter a year ago, Godfrey Phillips said in a BSE filing.
Its total income from operations was up 11.03 per cent to Rs 1,090.65 crore during the quarter under review as against Rs 982.22 crore for the corresponding period a year ago.
Godfrey Phillips' overall expenses went up 7.75 per cent to Rs 1,045.83 crore in Q3/FY 2016-17 as against Rs 970.57 crore in the corresponding period of last fiscal.
Its revenue from cigarettes and tobacco products was up 11.82 per cent to Rs 999.35 crore as against Rs 893.69 core, while tea and other retail products was up 3.12 per cent to Rs 91.30 crore as against Rs 88.53 crore.
Shares of Godfrey Phillips today settled at Rs 1,039.95 on BSE, up 1.82 per cent from previous close.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
