Godrej Agrovet March quarter profit drops 54% to Rs 320 mn, income up 15%

Godrej Agrovet Ltd has reported a 54 per cent drop in its net profit for the quarter ended March 31, 2018, at Rs 320.1 million. The profit for the corresponding quarter in the previous fiscal was Rs 571.4 million.

The company's total income, however, was up 15.13 per cent for the quarter under review, to Rs 12.05 billion, from Rs 10.47 billion a year ago.

The Godrej Agrovet stock was down 2.84 per cent at Rs 658.15, at around 11 am on Tuesday, on the Bombay Stock Exchange.

Note: The results are consolidated. All figures are in rupees unless