Godrej Agrovet posts Rs 51 cr net profit in Q3

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Godrej Agrovet posts Rs 51 cr net profit in Q3
New Delhi, Feb 5 () Godrej Agrovet Ltd on Wednesday posted a consolidated net profit of Rs 51.15 crore for the third quarter ended December 2019.

The company had clocked a net profit of Rs 48.56 crore in the year-ago period, according to the BSE filing.

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Its net income in the third quarter of 2019-20 stood at Rs 1,791.99 crore. It was Rs 1,458.96 crore in the year-ago quarter.

Expenses stood at Rs 1,729.90 crore in the October-December 2019 period, against Rs 1,389.34 crore in the year-ago period.

In its foot note in the BSE filing, Godrej Agrovet made it clear that the third quarter performance of this financial year cannot be compared with the year-ago period as it also includes the result of recently-acquired two companies which became subsidiaries effective from March 2019.

The company has acquired Godrej Tyson Foods Ltd and Godrej Maxximilk Private Ltd.

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Godrej Agrovet's shares fell 0.09 per cent to settle at Rs 578.80 apiece on the BSE on Wednesday. LUX HRS
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