Godfrey Phillips Q3 net plunges 84.95% to Rs 10.64 cr

Godfrey Phillips Q3 net plunges 84.95% to Rs 10.64 cr  Read more at: http://www.moneycontrol.com/news/results/godfrey-phillips-q3-net-plunges-8495-to-rs-1064-cr_1293762.html?utm_source=ref_article

Cigarette maker  Godfrey Phillips India  reported a decline of 84.95 percent in its standalone net profit at Rs 10.64 crore for the third quarter ended December 31, 2014. The company had posted a net profit of Rs 70.74 crore in the same period of the previous fiscal, Godfrey Phillips India said in a filing to the BSE. Company’s net sales also declined 16.41 percent to Rs 521 crore during the October-December quarter as compared to Rs 623.35 crore in the same quarter a year ago. The company paid an excise duty of Rs 454.66 crore during the period under review as against Rs 451.89 crore of Q3 of FY 2013-14.

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