IOL Chemicals decline on reporting 35% fall in Q1 consolidated net profit
IOL Chemicals and Pharmaceuticals is currently trading at Rs. 405.70, down by 3.25 points or 0.79% from its previous closing of Rs. 408.95 on the BSE.
The scrip opened at Rs. 397.65 and has touched a high and low of Rs. 407.95 and Rs. 395.15 respectively. So far 27011 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 535.60 on 15-Sep-2023 and a 52 week low of Rs. 333.00 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 423.30 and Rs. 395.15 respectively. The current market cap of the company is Rs. 2381.68 crore.
The promoters holding in the company stood at 48.19%, while Institutions and Non-Institutions held 1.48% and 50.34% respectively.
IOL Chemicals and Pharmaceuticals has reported 35.77% fall in net profit at Rs 29.68 crore for first quarter ended June 30, 2024 (Q1FY25) as compared to Rs 46.21 crore for the same quarter in the previous year. Total income of the company decreased by 10.60% at Rs 509.76 crore for Q1FY25 as compared to Rs 570.24 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 34.65% fall in its net profit at Rs 29.97 crore for the quarter ended June 30, 2024 as compared to Rs 45.86 crore for the same quarter in the previous year. Total income of the company decreased by 10.60% at Rs 509.76 crore for Q1FY25 as compared to Rs 570.24 crore for the corresponding quarter previous year.
