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GOCL posts 41 pc dip in Q2 net profit at Rs 6 cr

Press Trust of India  |  New Delhi 

Hinduja Group firm GOCL Corporation Ltd today posted a 41 per cent decline in consolidated net profit at Rs 6 crore for the quarter ended September 30.

The company had posted consolidated net profit (for the quarter/period after tax) at Rs 10.3 crore in the corresponding quarter of the previous fiscal, GOCL Corp said in a filing.

The consolidated of the company during July- September quarter dropped to Rs 119 crore, over Rs 133.8 crore in the year-ago period.

In a statement, the company said that "GOCL Corporation Ltd...has reported a consolidated gross of Rs 119 crore (previous year Rs 121 crore) for the year Q2 of 2018 and consolidated net profit of Rs 6 crore."

GOCL is part of the international Hinduja Group and has diversified business interests. The current business activities of the company are in energetics, mining, infrastructure services and property development.

It operates through 3 major divisions with independent management structures.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 04 2017. 19:30 IST