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Published on 22/07/2022 11:28:14 AM | Source: Accord Fintech

SRF jumps on reporting 54% rise in Q1 consolidated net profit

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SRF is currently trading at Rs. 2385.70, up by 41.10 points or 1.75% from its previous closing of Rs. 2344.60 on the BSE.

The scrip opened at Rs. 2395.00 and has touched a high and low of Rs. 2409.00 and Rs. 2357.35 respectively. So far 38438 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2773.00 on 08-Apr-2022 and a 52 week low of Rs. 1514.82 on 28-Jul-2021.

Last one week high and low of the scrip stood at Rs. 2409.00 and Rs. 2263.55 respectively. The current market cap of the company is Rs. 70718.07 crore.

The promoters holding in the company stood at 50.73%, while Institutions and Non-Institutions held 28.58% and 20.69% respectively.

SRF has reported results for first quarter ended June 30, 2022.

The company has reported a rise of 74.38% in its net profit at Rs 508.43 crore for the quarter under review as compared to Rs 291.57 crore for the same quarter in the previous year. Total income of the company increased by 40.50% at Rs 3,119.04 crore for Q1FY23 as compared Rs 2,219.96 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 53.82% in its net profit at Rs 608 crore for the quarter under review as compared to Rs 395.28 crore for the same quarter in the previous year. Total income of the company increased by 43.91% at Rs 3,904.57 crore for Q1FY23 as compared Rs 2,713.18 crore for the corresponding quarter previous year.