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Finolex Industries reports 32% fall in Q1 consolidated net profit

25 Jul 2022 Evaluate

Finolex Industries has reported results for first quarter ended June 30, 2022.

The company has reported a fall of 31.82% in its net profit at Rs 100.09 crore for the quarter under review as compared to Rs 146.80 crore for the same quarter in the previous year. However, total income of the company increased by 23.88% at Rs 1,214.88 crore for Q1FY23 as compared Rs 980.72 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 31.82% in its net profit at Rs 99.22 crore for the quarter under review as compared to Rs 145.52 crore for the same quarter in the previous year. However, total income of the company increased by 23.88% at Rs 1,214.88 crore for Q1FY23 as compared Rs 980.72 crore for the corresponding quarter previous year.

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