InvestorQ : How do you see the latest results of Godfrey Philips announced this week for Mar-20 quarter?
diksha shah made post

How do you see the latest results of Godfrey Philips announced this week for Mar-20 quarter?

Answer
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Sam Eswaran answered.
2 months ago


Godfrey Philips, India’s second largest manufacturers of cigarettes and a part of the Modi Group, reported 20% fall in net profits in the Mar-20 quarter to Rs.38 crore. Total income was higher by 4.82% in the fourth quarter at Rs.709 crore. Godfrey’s revenues from cigarettes and tobacco business continued to remain the mainstay at 83% of revenues.

Out of the balance revenues of Rs.120 crore, they were accounted for by revenues from sale of retail and other related products. For the full fiscal year 2019-20, Godfrey Philips reported 48% rise in net profits to Rs.384 crore even as total revenues were up by 18% at Rs.3175 crore. The company has marquee real estate assets which are not factored into the price.