Finolex Industries Q1 net up 40% at Rs 70 cr

Finolex Industries reported a 39.94 per cent rise in net profit at Rs 70.25 crore for the quarter ended June 30.
The company's net profit in the corresponding quarter of the previous fiscal was Rs 50.20 crore, Finolex Industries said in a regulatory filing.
The total income from operations dropped to Rs 633.38 crore, over Rs 662.71 crore in the year-ago period, it said.
The total expenses declined to Rs 518.51 crore, over Rs 551.78 crore in the corresponding quarter of the previous fiscal.