P&G Health declines 6% on profit booking post June quarter results

The board recommended a final dividend of Rs 230 per equity share (including a one-time special dividend of Rs 188 per equity share) for the financial year ended June 30, 2020.

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Buzzing stocks | Procter and Gamble | P&G

SI Reporter  |  Mumbai 

The pharmaceutical company reported 11 per cent YoY decline in sales at Rs 200 crore
The pharmaceutical company reported 11 per cent YoY decline in sales at Rs 200 crore

Shares of Procter & Gamble (P&G) Health slipped 6 per cent to Rs 5,330 on the BSE in the intra-day trade on Wednesday on profit booking. The company reported 10.8 per cent year on year (YoY) growth in net profit at Rs 48.90 crore for June quarter.

The pharmaceutical company reported 11 per cent YoY decline in sales at Rs 200 crore, as the business operations got impacted across the country following the nationwide lockdown imposed to contain the spread of Covid-19.

The company's EBITDA (earnings before interest, taxes, depreciation, and amortization) margin improved to 31.7 per cent from 30.82 per cent. The performance was driven by sales growth coupled with strategic choices in managing opex during the last two quarters impacted by Covid, the management said.

The board of directors of the company recommended a final dividend of Rs 230 per equity share (including a one-time special dividend of Rs 188 per equity share) for the financial year ended June 30, 2020. The dividend shall be paid between November 30, 2020 and December 18, 2020.

The stock hit a record high of Rs 5,683 on Tuesday, September 15, 2020. In the past three months, it has rallied 43 per cent as compared to 16 per cent rise in the S&P BSE Sensex.

At 01:46 pm, Health was trading 4.4 per cent lower at Rs 5,408, as against 0.49 per cent rise in the benchmark index. A combined 62,000 equity shares had changed hands on the counter on the NSE and BSE till the time of writing of this report.

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First Published: Wed, September 16 2020. 13:49 IST
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Kangana Ranaut says that one needs a strong spiritual core to recognise the delusion of the make believe world of glamour.

  • Last Updated: September 16, 2020, 12:37 PM IST

Kangana Ranaut's Twitter timeline is extremely busy. It is constantly being updated with the actor's take on the film industry and its members, her verbal spats with various celebrities as well as an expression of various aspects of her own personality. In a tweet posted early on Wednesday, the actress spoke about her spiritual strength and how it helps her keep away from the 'bubble' of the glamour world.

Kangana shared a photo of her applying lipstick, and talked about the make-believe world of movies and showbiz. "Show business is absolutely intoxicating, this make believe world of lights and camera is designed to make one live and believe in an alternate reality, a little bubble of their own, it takes a very strong spiritual core to recognise this delusion...," she posted.

Ever since she took over the Twitter handle that was previously handled by her team, the 'Fashion' actress has been sharing her thoughts and opinions directly with her followers. A day back, she posted another photo from a shoot, and said, "A woman's compassion and gentleness are often taken for her weakness, never push someone to a point where they have nothing to loose anymore, you only give them a freedom not many know, such people don't only become dangerous but lethal as well Slightly smiling face."

The Manikarnika actress has had some eventful days recently, with her crusade against alleged nepotism and drug menace in Bollywood escalating to levels of a spat with political parties and personalities. Her comments against the Hindi film industry and the city of Mumbai has been slammed by a number of people.

Read: Urmila Matondkar to Kangana Ranaut: Start Fighting Drugs from Your Own State Himachal Pradesh

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