 "Godfrey Phillips Q1 net down 62% to Rs 22 crore")
Cigarette maker Godfrey Phillips India (GPI) on Tuesday reported a 61.99 per cent decline in its standalone net profit at Rs 22.38 crore for the first quarter ended June 30, due to lower income from operations.
The company had reported a standalone net profit of Rs 58.88 crore in the same quarter a year ago.
Godfrey Phillips' total income from operations during the April-June quarter stood at Rs 940.56 crore as compared to Rs 1,069.51 crore in the same period of last financial year, the company said in BSE filing.
During the quarter under review, overall expenses stood at Rs 921.71 crore as against Rs 987.87 crore in the corresponding period last financial year.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*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
SAVE 25%