SRF has dipped 6% to Rs 163 on NSE after reporting 37% year on year (yoy) fall in standalone net profit at Rs 48 crore for the quarter ended September 2013 (Q2) due to forex loss. The company had posted profit of Rs 75 crore in a year ago quarter.
The company absorbed a loss of Rs 6.54 crore during the period against a gain of Rs 41.54 crore during corresponding period last year on account of foreign exchange fluctuations.
SRF’s revenue, however, increased by 5% from Rs 804 crore to Rs 844 crore during the same period year-on-year, the company said in a statement.
Meanwhile, the board approved an interim dividend at the rate of 30% amounting to Rs 3 per share, it added.
The company absorbed a loss of Rs 6.54 crore during the period against a gain of Rs 41.54 crore during corresponding period last year on account of foreign exchange fluctuations.
SRF’s revenue, however, increased by 5% from Rs 804 crore to Rs 844 crore during the same period year-on-year, the company said in a statement.
Meanwhile, the board approved an interim dividend at the rate of 30% amounting to Rs 3 per share, it added.
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