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India Glycols gains after reporting net profit in Q1

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India Glycols rose 1.2% to Rs 126.70 at 10:28 IST on BSE after the company reported a net profit of Rs 1.31 crore in Q1 June 2014 as against net loss of Rs 26.23 crore in Q1 June 2013.

The Q1 result was announced after market hours no Monday, 4 August 2014.

Meanwhile, the S&P BSE Sensex was up 29 points or 0.11% at 25,752.16.

On BSE, so far 16,000 shares were traded in the counter as against average daily volume of 46,000 shares in the past two weeks.

The stock hit a high of Rs 129.25 and a low of Rs 126.50 so far during the day.

 

India Glycols' total income from operations declined 9.05% to Rs 740.31 crore in Q1 June 2014 over Q1 June 2013.

India Glycols is one of the leading manufacturers of glycols, ethoxylates and PEGs, performance chemicals, glycol ethers and acetates, natural gums and potable alcohol.

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First Published: Aug 05 2014 | 10:26 AM IST

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