Manpasand Beverages Q1 net profit up 25%

Ahmedabad: Manpasand Beverages Ltd. has reported a 25.04% rise in net profit at Rs. 35.82 crore for the first quarter ended June 30, 2017 as against net profit of Rs. 28.65 crore in the corresponding quarter of previous fiscal.

Total Income for Q1 of FY 17-18 at Rs. 311.30 crore was higher by 30.45% over previous fiscal’s same quarter total income of Rs. 238.63 crore. Earnings Per Share (EPS) for Q1FY18 was up by 9.79% at Rs. 6.28, the company said.

CMD Dhirendra Singh said, “Despite of initial GST rollout concerns, the company’s performance remained sound.” He said the management at Manpasand Beverages has recommended the issuance of Bonus Shares in the ratio of 1:1.