Patanjali Foods doubles profit for Q2FY24 to Rs 255 crore
“I am optimistic about the upcoming festival seasons and increase in consumer spending to drive the growth in the coming quarter,” said Sanjeev Asthana, CEO, Patanjali Foods.
State-run Coal India Ltd.’s quarterly profit grew by 14.2 per cent, higher than expected due to lower tax expenses.
Net profit rose 14.2 percent year-on-year to Rs 3,522.7 crore, the world’s largest coal miner said in a report.
The company’s net profit stood at ₹3,084.54 crore in the year-ago period, it said in a regulatory filing.
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Its total income, however, declined to ₹22,012.94 crore in the July-September quarter of financial year 2019-20 from ₹23,486.35 crore in the corresponding period of previous fiscal.
Despite the fall in total income, Coal India’s net profit increased as its tax outgo declined significantly to ₹754.25 crore from ₹2,031.71 crore in the year-ago quarter.
(With input from agencies)
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