Crisil has reported that the company had loose 6.8 percent in it consolidated net profit to Rs. 76.6 crore in its first quarter ended March. The profit in the January-March 2018 quarter was Rs. 82.2 crore which fell this January-March quarter to about 6.8 percent.
The company in a regulatory filing said, “consolidated profit for the quarter was impacted due to foreign exchange loss of Rs. 7.8 crore, compared with ?2.3 crore of foreign exchange gain in the corresponding quarter of 2018.”
The consolidated total income in the first quarter was nearly flat at ?422.9 crore, compared with ?427.6 crore in the corresponding quarter of 2018.
It also said that the board of directors has declared an interim dividend of ?6 per share (of Re 1 face value) for the financial year ending December 31, 2019.
Read EquityPandit’s Technical Analysis of Nifty