Inox India Q1 Profit Dips 8% to Rs 53 Cr | Business News
Aug 09, 2024 19:15
Inox India reported an 8% decline in consolidated profit after tax to Rs 52.63 crore for the first quarter. Total income also fell to Rs 301.77 crore. Read more.
New Delhi, Aug 9 (PTI) Inox India on Friday posted around 8 per cent dip in consolidated profit after tax at Rs 52.63 crore.
It had reported a profit after tax (PAT) of Rs 57.08 crore for the year-ago period, the company said in an exchange filing.
Total income fell to Rs 301.77 crore from Rs 316.96 crore.
On a standalone basis also, the company's profit fell 2.38 per cent to Rs 53.21 crore from Rs 54.51 crore a year ago.
Income came down to Rs 297.40 crore from Rs 302.05 crore.
The company is into manufacturing of standard and customized cryogenic equipment.
Shares of the company closed 3.95 per cent down at Rs 1,206.05 apiece on BSE.
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