HSIL drops after total income flat in Q1

Net profit for June 2015 quarter was flat at Rs 412.85 crore vs Rs 412.15 crore in Apr-Jun 2014

Shares of HSIL were down over 8% at Rs 307 after the company reported total income of Rs 412.85 crore for the quarter ended June 30, 2015 compared with Rs 412.15 crore for the corresponding quarter last fiscal.

Net profit for the June 2015 quarter increased 16% to Rs 17.4 crore compared with Rs 15 crore in the quarter ended June 30, 2014.

The stock touched a high of Rs 336 and a low of Rs 306. At 12:45PM, over 423,000 shares were traded on both the stock exchanges.