Godrej Soaps has reported a net profit of Rs 395 m in second quarter ended September 30, 1999. The company had posted Rs 87 m a a loss during the corresponding period in FY99. The company is now back in the black.
The company's income from operations declined by 3% to Rs 2,274 m during the same period. It should be noted that income from operations also includes Rs 509 m earned as profit from the sale of company's 22.5% stake in Godrej Sara Lee joint venture to its group company Godrej & Boyce Limited.
Profit before Tax
Profit after Tax
Net profit margin
The company wanted to retire its high cost debt in a bid to reduce its interest burden through the divestment of Sara Lee stake. Though the interest outgo has increased marginally by 3% to Rs 167 m in the second quarter, the interest burden is likely to reduce in the third quarter results.
LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India. Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: firstname.lastname@example.org. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407