Finolex Industries falls on reporting marginal decline in Q3 consolidated net profit
Finolex Industries is currently trading at Rs. 198.15, down by 2.60 points or 1.30% from its previous closing of Rs. 200.75 on the BSE.
The scrip opened at Rs. 199.10 and has touched a high and low of Rs. 200.85 and Rs. 196.55 respectively. So far 34589 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 355.70 on 07-Jun-2024 and a 52 week low of Rs. 195.35 on 28-Jan-2025.
Last one week high and low of the scrip stood at Rs. 212.00 and Rs. 196.55 respectively. The current market cap of the company is Rs. 12273.03 crore.
The promoters holding in the company stood at 52.47%, while Institutions and Non-Institutions held 18.70% and 28.83% respectively.
Finolex Industries has reported 20.46% decline in its net profit at Rs 70.96 crore for third quarter ended December 31, 2024 (Q3FY25) as compared to Rs 89.21 crore for the same quarter in the previous year. Total income of the company decreased marginally by 0.49% at Rs 1049.66 crore for Q3FY25 as compared to Rs 1054.81 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported marginal decline of 1.45% in its net profit at Rs 94.02 crore for the quarter ended December 31, 2024 as compared to Rs 95.40 crore for the same quarter in the previous year. Total income of the company decreased marginally by 0.49% at Rs 1049.66 crore for Q3FY25 as compared to Rs 1054.81 crore for the corresponding quarter previous year.
