Goodrick Q3FY20 net slumps to Rs 1.14 crore

Tea major Goodrick Group has posted a net profit of Rs 1.14 crore for the third quarter ended on December 2019, compared to 5.95 crore registered in the corresponding period a year before.

Profit from operations were down amid higher revenues from tea in the quarter under review, the company said.

Revenue from operations was at Rs 286.48 crore, a 4.5 per cent higher over corresponding quarter business of Rs 273.97 crore the previous year.

Other comprehensive income was Rs 1.30 crore during the quarter, the company said.