The net profit of Haridwar-based Patanjali Ayurved Ltd. increased by 21.56 per cent to Rs 424.72 crore in FY 2019-20. Business information platform Toffler gave this information. According to Toffler, the company had reported a net profit of Rs 349.37 crore in the previous financial year 2018-19. Toffler further stated that Patanjali Ayurved’s operating income in the financial year ended 31 March 2020 was Rs 9,022.71 crore, which is 5.86 per cent higher than the Rs 8,522.68 crore in the previous financial year. The total income of the company was Rs 9,087.91 crore in FY 2019-20, compared to Rs 8,541.57 crore during the previous financial year. The total expenditure of Patanjali Ayurved increased by 5.34 per cent to Rs 8,521.44 crore during the period under review.
Yoga guru said this on future prospects
The profit before tax of this organization promoted by Yoga Guru Ramdev increased by 25.12 per cent to Rs 566.47 crore in FY 2019-20. According to the data, it was Rs 452.72 crore in the year-ago period. Commenting on these results, Swami Ramdev told PTI-Bhasha, “The past financial year was very challenging for us, in which we acquired Ruchi Soya. We worked seamlessly despite the financial challenges. On the future prospects of the company, he said that there would be “unprecedented growth” in the company’s business in the current financial year. He said, “We will achieve more growth and business in the current financial year than in the previous financial year.
Tata Steel reported net profit of Rs 1,665 crore in Q2
Tata Steel on Friday said its consolidated net profit in the September 2020 quarter was down by nearly 50 per cent to Rs 1,665.07 crore. The company told BSE that it had a net profit of Rs 3,302.31 crore in the same quarter a year ago. The company said that its total income increased to Rs 37,376.13 crore from Rs 34,762.73 crore in the year-ago period. The company’s expenditure increased to Rs 35,244.58 crore from Rs 34,758.15 crore during this period.
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Tata Steel, in a separate statement, gave details of the plan related to its European operations. The company has initiated negotiations with Sweden-based SSAB for a possible sale of the Tata Steel Netherlands business, including Izmuiden Steelworks. The company said it has also started the process of demerging the businesses of Tata Steel Netherlands and Tata Steel UK. TV Narendran, chief executive officer (CEO) and managing director (MD) of Tata Steel, said, “Tata Steel India has performed well with volume growth and strong cash generation.