SRF falls despite reporting 56% rise in Q3 consolidated net profit

SRF is currently trading at Rs. 2367.00, down by 100.70 points or 4.08% from its previous closing of Rs. 2467.70 on the BSE.

srf
srf

The scrip opened at Rs. 2425.00 and has touched a high and low of Rs. 2425.00 and Rs. 2271.45 respectively. So far 62104 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 2679.00 on 14-Jan-2022 and a 52 week low of Rs. 1026.63 on 19-Mar-2021.

Last one week high and low of the scrip stood at Rs. 2575.00 and Rs. 2271.45 respectively. The current market cap of the company is Rs. 69297.31 crore.

SRF The promoters holding in the company stood at 50.73%, while Institutions and Non-Institutions held 28.25% and 21.02% respectively.

SRF has reported a rise of 57.12% in its net profit at Rs 403.25 crore for the quarter ended December 31, 2021 as compared to Rs 256.65 crore for the same quarter in the previous year. Total income of the company increased by 46.08% at Rs 2,681.06 crore for Q3FY22 as compared Rs 1,835.30 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 55.68% in its net profit at Rs 505.54 crore for the quarter ended December 31, 2021 as compared to Rs 324.73 crore for the same quarter in the previous year. Total income of the company increased by 54.82% at Rs 3,356.54 crore for Q3FY22 as compared Rs 2,168.09 crore for the corresponding quarter previous year.