Repro India has slipped 7% to Rs 153 after reporting 41.5% year-on-year (yoy) decline in net profit at Rs 6.45 crore for the third quarter ended December 31, 2013 (Q3), due to higher raw material cost. The company had profit of Rs 11.02 crore in the same quarter year ago.
Net sales of the company during the quarter increased by 17.9% at Rs 120 crore, while total expenditure jumped 24.3% at Rs 102 crore on yoy basis, Repro India said in a statement.
The stock opened at Rs 165 and touched a high of Rs 172 in early morning deals on the NSE. A combined around 71,000 shares changed hands on the counter so far on the NSE and BSE.
Net sales of the company during the quarter increased by 17.9% at Rs 120 crore, while total expenditure jumped 24.3% at Rs 102 crore on yoy basis, Repro India said in a statement.
The stock opened at Rs 165 and touched a high of Rs 172 in early morning deals on the NSE. A combined around 71,000 shares changed hands on the counter so far on the NSE and BSE.
