Active Stocks
Thu Mar 28 2024 14:49:26
  1. Tata Steel share price
  2. 155.95 2.03%
  1. HDFC Bank share price
  2. 1,455.55 1.03%
  1. ITC share price
  2. 430.95 0.69%
  1. Power Grid Corporation Of India share price
  2. 278.75 2.84%
  1. State Bank Of India share price
  2. 756.00 2.99%
Business News/ Companies / Company-results/  SRF Q4 net profit rises 16% to 129 crore
BackBack

SRF Q4 net profit rises 16% to ₹129 crore

SRF net profit stood at ₹112 crore in the fourth quarter of the year-ago period

SRF’s consolidated gross sales grew by 4.9% to Rs5,137 crore in last fiscal from Rs4,898 crore in fiscal 2016. Photo: APPremium
SRF’s consolidated gross sales grew by 4.9% to Rs5,137 crore in last fiscal from Rs4,898 crore in fiscal 2016. Photo: AP

New Delhi: Chemical firm SRF Ltd on Tuesday reported 16% increase in consolidated net profit at 129 crore for the fourth quarter ended March.

Its net profit stood at 112 crore in the year-ago period. The consolidated gross sales of the company grew by 19.7% at 1,416 crore, SRF said in a statement.

During the last fiscal, the company posted a 19.8% increase in profit to 515 crore from 430 crore in FY16.

The consolidated gross sales grew by 4.9% to 5,137 crore in last fiscal from 4,898 crore in FY16.

“In spite of a very challenging environment, we have performed well. The benefits of being a diversified entity have come through as seen by the performance of our technical textiles business. While our long term strategy remains intact, we see challenges in the year ahead with agrochemicals remaining weak," SRF Ltd managing director Ashish Bharat Ram said.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 23 May 2017, 04:03 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie