SRF Q2 profit jumps 60.87 per cent to Rs 76.85 crore
Total income from operations during the July-September quarter also increased 9.98 per cent to Rs 928.17 crore as against Rs 843.89 crore a year ago, SRF said in a BSE filing.
By PTI |
NEW DELHI: SRF Ltd, a leading manufacturer of chemical-based industrial intermediates, today reported an increase of 60.87 per cent in net profit at Rs 76.85 crore for the second quarter ended September 30, 2014.
The company had posted a net profit of Rs 47.77 crore during the same quarter a year ago.
Total income from operations during the July-September quarter also increased 9.98 per cent to Rs 928.17 crore as against Rs 843.89 crore a year ago, SRF said in a BSE filing.
"The overall operations performed well this quarter. The company's strategy of growing the chemicals business is paying dividends. Our traditional business should pick once economy rebounds," said SRF Managing Director Ashish Bharat Ram.
For the first half of the 2014-15 fiscal, SRF's net profit has also increased 92.53 per cent to Rs 176.32 crore as against Rs 91.58 crore in the year-ago period.
Total income from operation in the first half of the fiscal increased 12.07 per cent to Rs 1,870.26 crore, as against Rs 1,668.80 crore in the same period last year.
Shares of SRF Ltd today closed at Rs 671.55 on the BSE, down 0.81 per cent from previous close.
The company had posted a net profit of Rs 47.77 crore during the same quarter a year ago.
Total income from operations during the July-September quarter also increased 9.98 per cent to Rs 928.17 crore as against Rs 843.89 crore a year ago, SRF said in a BSE filing.
"The overall operations performed well this quarter. The company's strategy of growing the chemicals business is paying dividends. Our traditional business should pick once economy rebounds," said SRF Managing Director Ashish Bharat Ram.
For the first half of the 2014-15 fiscal, SRF's net profit has also increased 92.53 per cent to Rs 176.32 crore as against Rs 91.58 crore in the year-ago period.
Total income from operation in the first half of the fiscal increased 12.07 per cent to Rs 1,870.26 crore, as against Rs 1,668.80 crore in the same period last year.
ADVERTISEMENT
Shares of SRF Ltd today closed at Rs 671.55 on the BSE, down 0.81 per cent from previous close.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
