logo

Godfrey Phillips Q4 Results: Profit jumps 30% to Rs 240 crore, revenue soars 70%

Economic Times15-05-2025
Cigarette maker Godfrey Phillips India Ltd on Thursday reported a 30.73 per cent rise in its consolidated net profit to Rs 293.96 crore in the March quarter of FY25. The company had posted a net profit of Rs 224.86 crore during the January-March period a year ago, according to a regulatory filing from Godfrey Phillips India, the flagship company of Modi Enterprises.
ADVERTISEMENT However, its revenue from operations was up 70.6 per cent to Rs 1,887.79 crore during the March quarter of FY25. It stood at Rs 1,106.64 crore in the corresponding period of the previous fiscal.
Total expenses of Godfrey Phillips during the period under review increased 75.58 per cent to Rs 1,663.92 crore.
Godfrey Phillips' total income, which includes other income, was Rs 1,965.44 crore, up 67.77 per cent in Q4FY25. For the financial year ended March 31, 2025, Godfrey Phillips' net profit grew 24.45 per cent to Rs 1,152.89 crore, from Rs 926.35 crore a year ago. In FY25, its total consolidated income rose 36.66 per cent to Rs 6,988.11 crore.
ADVERTISEMENT
Godfrey Phillips India is the flagship company of Modi Enterprises. It makes popular cigarette brands like Four Square, Red and White, Cavanders, Tipper and North Pole.
It also manufactures and distributes the brand Marlboro under a license agreement with Philip Morris.
Shares of Godfrey Phillips India Ltd on Thursday settled at Rs 9,199.80 apiece, up 2.65 per cent from the previous close on the BSE.
(You can now subscribe to our ETMarkets WhatsApp channel)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Thanal housing project to rehabilitate residents of Vikalanga Colony receives technical approval
Thanal housing project to rehabilitate residents of Vikalanga Colony receives technical approval

Time of India

time34 minutes ago

  • Time of India

Thanal housing project to rehabilitate residents of Vikalanga Colony receives technical approval

Thiruvananthapuram: Putting an end to months of uncertainty, construction of the housing complex for the residents of Vikalanga Colony under Thanal housing project is set to begin soon, after local self-government department (LSGD) granted technical sanction last week. The approval has brought relief to 99 families, including those with various disabilities, who languished under poor living conditions ever since construction stalled due to pending approvals. Uralungal Labour Contract Co-operative Society (ULCCS), which was awarded a Rs 20 crore contract, was unable to begin work due to an outdated cost estimate based on the 2018 Delhi Schedule of Rates (DSR). Upon revision to the 2024 DSR, LSGD chief engineer cleared the project. "The technical approval from LSGD paves way for much-needed progress. With the updated estimates in place, we are poised to begin construction shortly, delivering safe, dignified housing to families who have waited far too long," corporation secretary Jahamgeer S said. The two-storey residential complex will come up on two acres at Priyadarshini Nagar, Muttathara. The development will feature 136 apartments, each measuring 550 sq ft, arranged in blocks of four units. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Amazon's Hottest Selling Hearing Aid is Back on Sale Hear True Learn More Undo The apartments are designed to rehabilitate vulnerable groups, including persons with disabilities, flood-affected residents, and displaced fishermen. Initially planned as a three-storey building, the design was altered to two storeys to comply with height restrictions imposed by Airport Authority of India. The new sanction also ends an 18-month delay since the tender was awarded last year. Officials confirmed that groundwork, including soil tests, was complete and actual construction could now commence without further administrative hindrances. Once initiated, the project is expected to be completed within 18 months. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.

Students' body surveys impact of NEP implementation in varsities
Students' body surveys impact of NEP implementation in varsities

Time of India

time34 minutes ago

  • Time of India

Students' body surveys impact of NEP implementation in varsities

Ranchi: The All India Students' Association (AISA) is surveying the impact of the implementation of the National Education Policy (NEP) in the eight state universities. AISA state secretary Triloki Nath said, "The NEP is taking us towards privatisation, centralisation, and saffronisation. The policy is against social justice and equality. Our organisation has started the survey to find out the inadequacies in NEP implementation in higher education institutions. Agitation would be organised on the basis of the report." A team has been formed in each university to conduct the survey. The work was completed in the Central University of Jharkhand (CUJ), the Ranchi University (RU), and the Veer Sahid Budhu Bhagat University. A researcher, Vijay Kumar, said, "There is an acute shortage of faculty in the new courses started under NEP." Earlier this month, the AISA published a report on NEP implementation in 20 universities across the country, claiming that the govt policy of providing loans from the higher education funding agency (HEFA) is leading to a fee hike. Citing the case of the CUJ, the students' body said that after the institution took Rs 397crore loan from the HEFA for infrastructure development, there has been a steep rise in its fees. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Citadel by Mahindra – Homes with a Modern Edge Mahindra Citadel Enquire Now Undo Refuting the claims, CUJ vice-chancellor Kshiti Bhushan Das said, "We have to pay only 10% of the loan while the rest of the amount, along with the interest, would be borne by the Centre. The fund is needed for the infrastructure of the university." Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.

RBI proposes standardised claim settlement for deceased customers; 15-day deadline, penalties for delay
RBI proposes standardised claim settlement for deceased customers; 15-day deadline, penalties for delay

Time of India

time44 minutes ago

  • Time of India

RBI proposes standardised claim settlement for deceased customers; 15-day deadline, penalties for delay

The Reserve Bank of India (RBI) has proposed standardised forms and a uniform process for settling claims on bank accounts, safe deposit lockers and articles kept in safe custody of deceased customers, with a 15-day settlement deadline and compensation to nominees or legal heirs for delays. The central bank has issued the Draft Circular – Reserve Bank of India (Settlement of Claims in respect of Deceased Customers of Banks) Directions, 2025 and invited comments by August 27. The proposed guidelines aim to simplify procedures and bring uniformity across banks, PTI reported. Standard forms and simplified procedures The draft mandates banks to use standardised forms for receiving claims and supporting documents. In cases where a nominee has been provided, the claimant will need to submit a claim form, death certificate and an officially valid identity and address proof. Where there is no nomination, banks must adopt simplified settlement procedures, with a fixed threshold limit subject to a minimum of Rs 15 lakh. For claims up to the threshold, additional documents such as a bond of indemnity, surety, and letters of no-objection from non-claimant legal heirs, if applicable, will be required. For amounts above the threshold, a succession certificate, legal heir certificate or a declaration regarding legal heirs will be necessary. Locker claims and timelines For safe deposit lockers or articles in safe custody, similar procedures will apply. Banks will have to process such claims within 15 days of receiving all required documents and inform claimants to fix a date for inventory. The draft directs banks to make all required forms and document lists available at branches and on their websites. Compensation for delays If a bank delays settlement of deposit-related claims beyond the stipulated period, it will have to pay interest at the prevailing Bank Rate plus 4% per annum on the settlement amount for the delay period. For locker or safe custody claims, banks will pay Rs 5,000 per day for delays attributable to them. The RBI noted that the nomination facility is meant to speed up settlements and reduce hardship to families, but found divergent practices among banks. The new directions aim to standardise documentation and improve customer service. The proposed regulations are expected to be implemented no later than January 1, 2026. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store