Godfrey Phillips India Ltd, a leading cigarette manufacturer, saw its stock rise 15.65% to ₹5,782.00 as of 10:18 AM, following robust Q3 FY24 results. The stock, which had opened at ₹5,499.95, touched a high of ₹5,932.30 and a low of ₹5,268.00 during intraday trade.
The company reported a 48.7% year-on-year (YoY) increase in net profit, reaching ₹315.9 crore for the quarter ended December 31, 2024. This is a significant rise compared to ₹212.4 crore recorded in Q3 FY23. Revenue from operations also grew 27.3% YoY to ₹1,591.2 crore, up from ₹1,249.6 crore in the same period last year.
At the operating level, EBITDA surged 57.6% YoY to ₹358.8 crore, compared to ₹227.7 crore in Q3 FY23. The EBITDA margin saw an improvement, rising to 22.6% from 18.2% in the year-ago period.
The stock has been on an upward trajectory post-earnings, reflecting investor optimism regarding the company’s performance.
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