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Finolex Industries reports 16% rise in Q1 consolidated net profit

20 Jul 2023 Evaluate

Finolex Industries has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported 10.78% rise in its net profit at Rs 110.88 crore for the quarter under review as compared to Rs 100.09 crore for the same quarter in the previous year. Total income of the company marginally increased by 0.37% at Rs 1219.43 crore for Q1FY24 as compared Rs 1214.88 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 16.24% rise in its net profit at Rs 115.33 crore for the quarter ended June 30, 2023 as compared to Rs 99.22 crore for the same quarter in the previous year. Total income of the company marginally increased by 0.37% at Rs 1219.43 crore for Q1FY24 as compared Rs 1214.88 crore for the corresponding quarter previous year.

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