Finolex Inds net zooms 81%, stock soars 7%

BSE 23 May 12 | 12:00 AM

57.55		-0.8 (-1.37%)
Mkt Price (Rs)		Chg Rs (Chg %)

Code: 500940

Face Value: N.A.

NSE 23 May 12 | 12:00 AM

57.55		-0.9 (-1.54%)
Mkt Price (Rs)		Chg Rs (Chg %)

Code: FINPIPE

Performance
1 Week	:	Rs	55.40	(3.88%)
1 Month	:	Rs	51.95	(10.78%)
1 Year	:	Rs	83.25	(-30.87%)

Finolex Inds net zooms 81%, stock soars 7%

SI Reporter / Mumbai 26 Apr 10 | 04:25 PM

Be the first to comment

Finolex Industries has reported 81% jump in net profit at Rs 60 crore for the fourth quarter ended March 2010, as against Rs 33 crore in same quarter of previous year. Net sales increased by 15% to Rs 485 crore (Rs 423 crore) during the quarter.

On full-year basis, the company turned into black by reporting Rs 132 crore net profit for FY10, against net loss of Rs 38 crore for FY09, despite of 4% fall in net sales to Rs 1,590 crore (Rs 1,696 crore) during the year.

The stock closed 7% higher at Rs 78 today. It touched an intra-day high of Rs 80 on the BSE. The counter saw heavy volumes of 1.38 million shares when compared to an average 269,000 shares traded daily in the last two weeks.