Chemical firm SRF has reported a 21 per cent increase in its consolidated net profit at Rs 131 crore for the quarter ended December 2017.
Its net profit stood at Rs 108 crore in the year-ago period, the company said in a regulatory filing.
The consolidated total income grew to Rs 1,418 crore in the third quarter of this fiscal from Rs 1,212 crore in the corresponding period last year.
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SRF is engaged in the manufacturing of industrial and specialty intermediates.
The company's Managing Director Ashish Bharat Ram said, "The performance of the company has shown a positive trend. All the businesses are showing an upward momentum. We remain cautiously optimistic going forward.
The board has approved a second interim dividend at 60 per cent amounting to Rs 6 per share. In August 2017, the board had approved the first interim dividend at the rate of Rs 6 per share.
Shares of the company surged nearly 4 per cent to Rs 1,847 on BSE.
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