Repro India dips 8% post Q2 results

In past four months, the stock zoomed 82% as compared to 7% rise in the S&P BSE Sensex till Monday

Repro India has dipped 8% to Rs 793 on the BSE in noon deal after the company reported a 85% year on year decline in consolidated net profit at Rs 2.54 crore in September quarter (Q2FY18), due to lower operational income and higher other expenses. It had profit of Rs 17.42 crore in year ago quarter.

Operational income of the company during the quarter under review declined by 6.7% to Rs 70 crore from Rs 75 crore in the corresponding quarter of previous fiscal.

“Other expenses include provision of Rs 6.31 crore towards contingency as a matter of