Eveready profit before tax drops 35.65% to Rs 20.79 crore in Sept quarter

Eveready Industries India has recorded a 35.65 per cent drop in profit before tax (PBT) to Rs 20.79 crore for the quarter ended September 30, 2019, as compared to the same period last year. Net profit dropped 27 per cent to Rs 18.11 crore, as against the same period last year. The company is yet to move to a lower tax rate and is evaluating the same. Gross revenues were lower by 9 per cent to Rs 348.40 crore.

The company said the corresponding quarter of last year had a windfall credit of Rs 4.7 crore towards reversals for labour wage