Manpasand Beverages reports 64% rise in Q2 profit
Ahmedabad: Manpasand Beverages Ltd. has reported a 63.80% rise in net profit at Rs. 8.86 crore for the second quarter ended September 30, 2017 as against net profit of Rs. 5.41 crore in the corresponding quarter of the previous fiscal year. Total Income for Q2 of FY 17-18 at Rs. 132.27 crore was higher by 22.41 % over previous fiscal’s same quarter total income of Rs. 108.05 crore. Earnings Per Share (EPS) for Q2FY18 was up by 56% at Rs. 0.78, the company informed.
CMD Dhirendra Singh said the particular quarter was challenging due to the rollout of GST. “However, a few strategic steps taken by us in the previous quarters, such as streamlining our production capacity, digitizing procurement process and realignment of supply chain, have helped us to navigate in this new tax structure,” he said.
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Via:: Economic Times – Stocks