The net profit jumped on the back of robust sales in most of its businesses and ramp up of production from newly commissioned units, SRF said in a statement.
Net sales of the company during the first quarter of 2014-15 increased by 14% to Rs 936 crore as against Rs 819 crore recorded during the same quarter last fiscal.
EBIDTA or operating profit at Rs 201 crore, a growth of 47% compared to the corresponding quarter of the previous year, it added.
Meanwhile, the board approved a capex proposal for setting up of a new specialty chemical plant at its chemical complex at Dahej in Gujarat at a total investment of Rs 113 crore.
The board also approved an interim dividend at the rate of 50% amounting to Rs 5 per share.
The stock opened at Rs 658 and touched a record high of Rs 705 on NSE. A combined 510,000 shares changed hands on the counter in early morning deals on NSE and BSE.
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