Consolidated profit before tax up by 43.7 per cent year-on-year
Godrej Agrovet Limited has, on November 4, 2020, reported its financial performance for the second quarter and half year ended September 30, 2020, of the financial year 2020-21. For the second quarter ended September 30, 2020, the company reported consolidated total income and consolidated profit before tax of Rs1,723 crore and Rs 145 crore, respectively. Profit before tax represents a healthy year-on-year growth of 78.5 per cent for the quarter, despite a 7.5 per cent year-on-year decline in total income. For the half year ended September 30, 2020, company reported consolidated total income and consolidated profit before tax of Rs 3,285 crore and Rs 280 crore, respectively.
Commenting on the performance, B S Yadav, Managing Director, Godrej Agrovet Limited, said, “I am pleased to share that Godrej Agrovet had an excellent half-yearly performance in the financial year 2020-21, with our consolidated profit before tax growing by 43.7 per cent year-on-year. This is despite an 8.1 per cent year-on-year decrease in total income in the first half.
