New Delhi:Cigarette maker Godfrey Phillips India on Tuesday reported a standalone net profit at Rs43.11 crore for the fourth quarter ended March 2018.

The company had reported a net profit of Rs55.83 crore in the January-March quarter a year ago, Godfrey Phillips said in a BSE filing.

Its total income from operations stood at 86.27 crore during the quarter under review. It was 1,349.79 crore for the corresponding period a year ago.

Meanwhile, the company informed that its results were not comparable due to introduction of GST from 1 July, 2017.

Moreover, it had a exceptional gain in the fiscal due to sale of its packaged tea business to Goodricke Group. Godfrey Phillips’ overall expenses stood at Rs525.41 crore.

For the entire 2017-18 fiscal, Godfrey Phillips had a consolidated net profit of Rs158.81 crore. It posted a net profit of Rs136.63 crore in 2016-17.

Its total income stood at Rs2,945.31 crore as against Rs4,459.10 crore in 2016-17.

Shares of Godfrey Phillips India on Tuesday settled 5.10% down at Rs757.05 apiece on the BSE.