The Ahmadabad-based company had posted a standalone net profit of Rs 65.24 crore profit during October-December quarter.
However, net sales of the company increased 7.19 per cent to Rs 617.18 crore during the period under review as against Rs 575.77 crore in the same period last fiscal.
Shares of the company were trading at Rs 1,340.80 per scrip on the BSE, down 2.98 per cent from its previous close.
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