Andrew Yule Q2 net profit up 79.14%

Image
Press Trust of India New Delhi
Last Updated : Nov 10 2016 | 8:22 PM IST
Diversified PSU Andrew Yule today reported 79.14 per cent increase in its standalone net profit at Rs 27.14 crore in the second quarter of 2016-17 on account of higher income.
The company had posted a net profit of Rs 15.14 crore in the year-ago period.
Total income of the company rose by 17.13 per cent to Rs 126.78 crore in the July-September quarter of the 2016-17 fiscal from Rs 108.23 crore in the same quarter last year, Andrew Yule said in a BSE filing.
Higher revenue was mainly from its electrical and engineering segments. The income from tea business was lower than the previous period.
However, overall expenses remained higher at Rs 114.37 crore as against Rs 99.16 crore in the said period.
The present business of the Andrew Yule Group includes tea, electrical, engineering, lubricant, printing, digital communication among others. The company has 15 tea gardens.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 10 2016 | 8:22 PM IST

Next Story