Finolex Industries surges on reporting 20% rise in Q2 consolidated net profit

27 Oct 2020

Finolex Industries is currently trading at Rs. 555.00, up by 22.90 points or 4.30% from its previous closing of Rs. 532.10 on the BSE.

The scrip opened at Rs. 549.45 and has touched a high and low of Rs. 579.00 and Rs. 542.30 respectively. So far 31615 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 635.00 on 11-Nov-2019 and a 52 week low of Rs. 283.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 540.00 and Rs. 494.00 respectively. The current market cap of the company is Rs. 6845.72 crore.

The promoters holding in the company stood at 52.47%, while Institutions and Non-Institutions held 15.41% and 31.77% respectively.

Finolex Industries has reported 16.61% rise in its net profit of Rs 119.72 crore for the quarter ended September 30, 2020 as against net profit of Rs 102.67 crore for the same quarter in the previous year. Total income of the company increased 4.07% at Rs 618.24 crore for Q2FY21 as compared Rs 594.09 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 20.10% rise in its net profit at Rs 122.83 crore for the quarter ended September 30, 2020 as against net profit of Rs 102.27 crore for the same quarter in the previous year. Total income of the company increased by 4.07% at Rs 617.31 crore for Q2FY21 as compared Rs 593.16 crore for the corresponding quarter previous year.

Related Finolex Industries Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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