1. Godfrey Phillips India posts Q3 net profit up at Rs 14 crore

Godfrey Phillips India posts Q3 net profit up at Rs 14 crore

Tobacco major Godfrey Phillips India, the flagship company of the KK Modi Group, today posted a 29.4 per cent rise in standalone net profit at Rs 13.77 crore for the quarter ended December 31, 2015.

By: | New Delhi | Updated: February 1, 2016 8:10 AM
In a separate statement, Godfrey Phillips India today said its board has approved the proposal to seek the service of a merchant banker or advisors for any potential restructuring of its various businesses. (Reuters)

In a separate statement, Godfrey Phillips India today said its board has approved the proposal to seek the service of a merchant banker or advisors for any potential restructuring of its various businesses. (Reuters)

Tobacco major Godfrey Phillips India, the flagship company of the KK Modi Group, today posted a 29.4 per cent rise in standalone net profit at Rs 13.77 crore for the quarter ended December 31, 2015.

The company had posted a net profit of Rs 10.64 crore in the year-ago period, it said in a filing to the BSE.

Total income from operations was at Rs 533.91 crore as against Rs 536.13 in the year-ago period.

In a separate statement, Godfrey Phillips India today said its board has approved the proposal to seek the service of a merchant banker or advisors for any potential restructuring of its various businesses.

“The Board…authorised the company to engage the services of a merchant banker and/or other advisors…for any potential restructuring or reorganising its various businesses in order to explore the opportunities for value enhancement for its shareholders,” it said.

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