Finolex Industries jumps on reporting 16% rise in Q1 consolidated net profit
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Finolex Industries is currently trading at Rs. 185.40, up by 4.50 points or 2.49% from its previous closing of Rs. 180.90 on the BSE.
The scrip opened at Rs. 183.00 and has touched a high and low of Rs. 186.00 and Rs. 180.45 respectively. So far 257498 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 195.65 on 22-May-2023 and a 52 week low of Rs. 129.10 on 27-Jul-2022.
Last one week high and low of the scrip stood at Rs. 186.00 and Rs. 175.20 respectively. The current market cap of the company is Rs. 11385.75 crore.
The promoters holding in the company stood at 52.47% while Institutions and Non-Institutions held 17.78% and 29.75% respectively.
Finolex Industries has reported 10.78% rise in its net profit at Rs 110.88 crore for first quarter ended June 30, 2023 (Q1FY24) as compared to Rs 100.09 crore for the same quarter in the previous year. Total income of the company marginally increased by 0.37% at Rs 1219.43 crore for Q1FY24 as compared Rs 1214.88 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 16.24% rise in its net profit at Rs 115.33 crore for the quarter ended June 30, 2023 as compared to Rs 99.22 crore for the same quarter in the previous year. Total income of the company marginally increased by 0.37% at Rs 1219.43 crore for Q1FY24 as compared Rs 1214.88 crore for the corresponding quarter previous year.
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