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08-Aug2018

SRF surges on reporting 29% rise in Q1 consolidated net profit

SRF is currently trading at Rs. 1847.40, up by 18.35 points or 1.00%, from its previous closing of Rs. 1829.05 on the BSE.

The scrip opened at Rs. 1851.00 and has touched a high and low of Rs. 1871.25 and Rs. 1821.00 respectively. So far 86125 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2443.00 on 30-Apr-2018 and a 52 week low of Rs. 1420.00 on 09-Aug-2017.

Last one week high and low of the scrip stood at Rs. 1,871.25 and Rs. 1685.00 respectively. The current market cap of the company is Rs. 10651.32 crore.

The promoters holding in the company stood at 52.38%, while Institutions and Non-Institutions held 29.07% and 18.55% respectively.

The company has reported a rise of 25.32% in its net profit at Rs 110.88 crore for first quarter ended June 30, 2018 as compared to Rs 88.48 crore for the same quarter in the previous year. Total income of the company increased by 25.84% at Rs 1,451.43 crore for Q1FY19 as compared Rs 1,153.43 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 28.93% in its net profit at Rs 133.84 crore for the quarter under review as compared to Rs 103.81 crore for the same quarter in the previous year. Total income of the company increased by 23.88% at Rs 1,745.08 crore for Q1FY19 as compared Rs 1,408.74 crore for the corresponding quarter previous year.


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