MRF Q1 net profit plunges 78 per cent to Rs 106.53 crore

04 Août, 2017, 21:46 | Author: Lucrece Courtet

Sobha shares was trading at around Rs 387 apiece on the BSE.

Shares of tyre maker Ceat Ltd today plunged almost 9 per cent after the company reported a 98.6 per cent decline in consolidated net profit for the June quarter. At NSE, shares of the company tanked 8.57 per cent to close at Rs 1,740.35. Intra-day, it tumbled 9.58 per cent to Rs 1,719.95. The company's market valuation slipped Rs 680.55 crore to Rs 7,014.45 crore.

Consolidated total income during the period slipped to Rs 1,638.95 crore for the quarter under review compared to Rs 1,651.83 crore in the same period past year.

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Realty firm Sobha Ltd today reported 31 per cent increase in its consolidated net profit at Rs 47 crore for the quarter ended June and announced buy- back of shares up to Rs 62 crore.

The company had reported a net profit of Rs 103.26 crore in the corresponding quarter previous year.

Total income during the quarter under review stood at Rs 4,060.93 crore as against Rs 3,955.93 crore in the year-ago period, up 2.65 per cent.

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