SRF Q3 profit up 21% at Rs 131 crore

Chemical firm SRF has reported a 21 per cent increase in its consolidated net profit at Rs 131 crore for the quarter ended December 2017.
Its net profit stood at Rs 108 crore in the year-ago period, the company said in a regulatory filing.
The consolidated total income grew to Rs 1,418 crore in the third quarter of this fiscal from Rs 1,212 crore in the corresponding period last year.
SRF is engaged in the manufacturing of industrial and specialty intermediates.
The company's Managing Director Ashish Bharat Ram said, "The performance of the company has shown a positive trend. All the businesses are showing an upward momentum. We remain cautiously optimistic going forward.

The board has approved a second interim dividend at 60 per cent amounting to Rs 6 per share. In August 2017, the board had approved the first interim dividend at the rate of Rs 6 per share.
Shares of the company surged nearly 4 per cent to Rs 1,847 on BSE.