TGBL Q3 net profit grows to Rs 144.9 crore

Tata Global Beverages (TGBL) today reported an over two-fold jump in consolidated net profit at Rs 144.86 crore for the December quarter on improved operating performance and lower finance cost.
It had posted a net profit of Rs 60.46 crore in October-December a year ago, TGBL said in a BSE filing.
Total income was up 2.60 per cent at Rs 1,743.86 crore during the quarter under review as against Rs 1,699.61 crore in the same quarter of the previous fiscal.
Profit before exceptional items stood at Rs 146 crore, up 24 per cent yoy, on improved operating performance and lower finance costs despite higher advertising spend on base business and new launches, the company said.

Its total expenses were at Rs 1,590.95 crore for the said quarter, up 1.91 per cent from Rs 1,561.01 crore in the year-ago period.
The stock settled at Rs 130.25 on BSE today, up 0.93 per cent from its previous close.