The company had a net profit of Rs 118.63 crore in the same quarter a year ago.
The company had on March 30 informed the bourses about suspension of its manufacturing operations due to the lockdown on account of the coronavirus pandemic.
The company had posted a net profit of Rs 48.34 crore during the January-March quarter of the previous fiscal, Godfrey Phillips India said in a regulatory filing.
Godfrey Phillips India CEO Bhisham Wadhera said the company was prepared to take a hit to its business to protect its employees.
Total revenue from operations during the quarter under review stood at Rs 797.22 crore as compared with Rs 679.33 crore in the year-ago period.
The company had posted a net profit of Rs 81.84 crore in the same quarter last fiscal, Godfrey Phillips India (GPI) said in a regulatory filing.
Other companies where the promoter stakes are up for sale are Modicare, Modicare Healthcare Placement and 24Seven convenience stores.
It was trading with volumes of 106,592 shares, compared to its five day average of 39,294 shares, an increase of 171.27 percent.
Indian and foreign analysts were expecting a substantial increase in excise duty on cigarette
The Enforcement Directorate has been looking into both the companies and the scope of the investigation is much broader than the alleged foreign investment law violations highlighted in a Reuters story published on Wednesday, the source said.
Gopal Krishna Infrastructure & Real Estate is a fully owned subsidiary of Unique Space Developers, a step-down subsidiary of Godfrey Phillips India.
A sustained move above the 200-SMA i.e. 10,753 will extend the uptrend taking the Index to levels of 10,850-10,980. However, failure to cross this resistance on the way up can trigger profit booking.
The company had reported a net profit of Rs 38.44 crore in the October-December quarter a year ago.
CNBC-TV18’s Sapna Das caught up with KK Modi of Godfrey Phillips India who expects a 3-4 percent decline in cigarette volumes by the end of this year.
Vishvesh Chauhan of Monarch Networth Capital is of the view that one may buy Godfrey Phillips India with a target of Rs 1400.
Mitessh Thakkar of miteshthacker.com recommends buying Aditya Birla Nuvo and Godrej Consumer and advises selling Zee Entertainment, Bata India and Glenmark Pharma.
Ashwani Gujral of ashwanigujral.com recommends buying Sun TV Network, Godfrey Phillips India and City Union Bank..
Ashwani Gujral of ashwanigujral.com recommends buying HDFC Bank and UPL and advises selling Bharti Airtel.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - Sun TV, Glenmark Pharma, Granules India, HSIL, Godfrey Phillips and KEI Industries.
BSE | Tata Motors | Surya Roshni | Ujjivan Financial | Tata Power | Excel Crop | Cosmo Films | Subros | Glenmark Pharma | Godfrey Phillips | Aegis Logistics and AstraZeneca are stocks, which are in the news today.