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About 30 per cent of packaged snack foods sold in Goan stores are adulterated: Adv Diya Shetkar

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

According to a survey conducted by NGO Nari Adhikar, over 30 per cent of all packaged snack food stuff sold in Goan markets and stores is adulterated.

Speaking to media persons in Shiroda, Adv Diya Shetkar, founder-president of the NGO Nari Adhikar said they had surveyed and privately tested nearly 300 randomly-selected packaged snack food items or packets, which showed that over 30 per cent of these items had some or the other adulterants present in them.

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Gravita India FY18 PAT at Rs. 45.21 crore; up 48 per cent

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Gravita India Limited (NSE: GRAVITA, BSE: 533282), a leading recycling multinational company declared its financial results for the quarter and financial year ended March 31, 2018.

Gravita’s Profit After Tax surged to Rs.11.11 crore as against Rs. 9.34 crore for the corresponding quarter last year. PAT margin stood at 3.07 % in Q4 FY18 versus 4.39 % in Q4 FY17.

Commenting on the results, Mr. Rajat Agrawal, MD at Gravita India said, “We are pleased to announce the results and they are in-line with our expectations. Our recently commissioned commercial production of Lead Tetra Oxide at Jaipur and PPCP Granules Lines at Chittoor plant;  the recent order-win from Singapore will strengthen our top line and bottom line in FY18-19.”

Highlights of Consolidated Q4 FY18 Performance

  • Fourth quarter total revenue increased to Rs. 362.44 crore from Rs. 212.65 crore in Q4FY 17, up 70.44 %

  • The EBITDA in Q4 FY18 stood at Rs. 24.99 crore from Rs. 19.20 crore; up 41.29 % in the same period last year.

  • Q4 Net Profit rose by18.94 % to Rs. 11.11 crore up from Rs. 9.34 crore in FY 17. Read more