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SRF shares dive nearly 14% after Q4 results

Press Trust of India  |  New Delhi 

Shares of firm today plunged nearly 14 per cent after the company reported a 4 per cent decline in consolidated net profit for the quarter ended March.

The stock dropped 13.79 per cent to end at Rs 1,924.20 on BSE. During the day, it tumbled 17.85 per cent to Rs 1,833.35.

At NSE, shares of the company slumped 13.61 per cent to close at Rs 1,924.40.

has reported a 4 per cent decline in consolidated net profit at Rs 124 crore for the quarter ended March.

Its net profit stood at Rs 129 crore in the year-ago period, the company said in a statement.

Total income rose to Rs 1,625.30 crore in the fourth quarter from Rs 1,442.37 crore in the corresponding period of the previous year.

is a based multi-business entity engaged in the of industrial and specialty intermediates. The company's diversified business portfolio covers technical textiles, fluorochemicals, specialty chemicals, packaging films and engineering

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

First Published: Fri, May 18 2018. 19:05 IST