Q2 results dampen IPCL counter

Dalal Street Spikes

 IPCL announced the second quarter ended September 2003 in afternoon trades on Monday. For the Q2, the Reliance group company recorded a 20 per cent rise in net profit at Rs 54 crore (Rs 45 crore), on a 7.5 per cent increase in total income at Rs 1,366 crore (Rs 1,271 crore).

 IPCL is the second largest petrochemicals producer in India. It manufactures polymers, synthetic fibres, fibre intermediates, solvents, surfactants, industrial chemicals, catalysts and absorbents.