Gujarat Flurochemicals has dipped almost 8% at Rs 328 in opening trades after reporting a net profit of Rs 110 crore in September 2012 quarter against Rs 188 crore in the corresponding quarter of previous year.
“Total income from operations has declined by 40% at Rs 310 crore on year on year basis,” the company engaged in industrial gases business said in a filing.
The company has transferred the wind energy business to its subsidiary Inox Renewables, by way of ‘Slump Sale” during the financial year ended 31st March 2012, which is reported at ‘discounted operations’ in the above results, it added.
The stock opened at Rs 351 on the Bombay Stock Exchange and has seen a combined around 28,000 shares changing hands on the counter so far on both the exchanges.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app