Binani Industries’ Q1 net tumbles 89%

BIL Vyapar Ltd. | Diversified | Diversified | BSE: 500059 | NSE: BILVYAPAR

31 Jul 2017 Evaluate

Binani Industries has reported results for first quarter ended June 30, 2017.

The company has reported a fall of 89.16% in its net profit at Rs 0.09 crore for the quarter under review as compared to Rs 0.83 crore for the same quarter in the previous year. Total income from operations of the company decreased by 49.42% at Rs 29.08 crore for Q1FY18 as compared Rs 57.49 crore for the corresponding quarter previous year.

The business portfolio of Binani Industries includes sectors like cement, zinc, glass-fiber and downstream composite products.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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