Wednesday , November 13 2019
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SRF shines on reporting 99% rise in Q2 consolidated net profit

SRF is currently trading at Rs. 2951.00, up by 19.60 points or 0.67% from its previous closing of Rs. 2931.40 on the BSE.

The scrip opened at Rs. 2900.00 and has touched a high and low of Rs. 3064.25 and Rs. 2892.65 respectively. So far 31173 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 3090.00 on 26-Aug-2019 and a 52 week low of Rs. 1906.00 on 26-Dec-2018.

Last one week high and low of the scrip stood at Rs. 2974.00 and Rs. 2717.00 respectively. The current market cap of the company is Rs. 16929.28 crore.

The promoters holding in the company stood at 52.32%, while Institutions and Non-Institutions held 30.37% and 17.31% respectively.

SRF has reported over 3-fold jump in its net profit at Rs 337.47 crore for the quarter ended September 30, 2019 as compared to Rs 108.54 crore for the same quarter in the previous year. Total income of the company increased marginally by 0.60% at Rs 1,530.51 crore for Q2FY20 as compared Rs 1521.35 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 99.16% in its net profit at Rs 301.13 crore for the quarter ended September 30, 2019 as compared to Rs 151.20 crore for the same quarter in the previous year. Total income of the company increased marginally by 0.11% at Rs 1,759.79 crore for Q2FY20 as compared Rs 1,757.88 crore for the corresponding quarter previous year.