SRF net falls 12% at rs 107 crore on forex losses
SRF Ltd's net profit fell 12% to 107 crore for the quarter ended September 2011, hurt by foreign exchange losses.
By ET Bureau | Updated:
NEW DELHI: SRF Ltd's net profit fell 12% to 107 crore for the quarter ended September 2011, hurt by foreign exchange losses.
"The exchange currency fluctuation alone had a negative impact of 34 crore to the company during the quarter," the company said in a statement.
The Delhi-based company's profit before interest, exchange currency fluctuations and tax improved 22% to 217 crore from 177 crore.
The company's revenue increased 22% to 914 crore during the quarter from 748 crore from the same period last year.
The company's board also approved an interim dividend at the rate of 70% amounting to 7 per share.
"The exchange currency fluctuation alone had a negative impact of 34 crore to the company during the quarter," the company said in a statement.
The Delhi-based company's profit before interest, exchange currency fluctuations and tax improved 22% to 217 crore from 177 crore.
The company's revenue increased 22% to 914 crore during the quarter from 748 crore from the same period last year.
The company's board also approved an interim dividend at the rate of 70% amounting to 7 per share.
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