The company had posted a net profit of Rs 5.86 crore in the corresponding period a year ago, Indo Rama Synthetics said in a BSE filing.
Net sales during the quarter was marginally up 0.72 per cent at Rs 632.45 crore as against Rs 627.92 crore a year ago.
Meanwhile, in a separate filing, the company said its board has approved the scheme of amalgamation of Indo Rama Renewables and its two step-down subsidiary companies -- Indo Rama Renewables Porbandar and Indo Rama Renewables Ramgarh.
Stock of Indo Rama Synthetics settled at Rs 38.90 on BSE, down 0.51 per cent from the previous close.
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