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Indraprastha Gas Ltd (IGL) on May 7 reported an increase of nine percent in its consolidated net profit at Rs 433.29 crore for the fourth quarter of fiscal year 2023-24.The city gas distribution company had posted a consolidated net profit of Rs 397.51 crore a year ago, while it decreased almost nine percent on a quarterly basis from Rs 475.45 crore in the quarter ending December 31.
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Announcing the fifth quarterly profit decline in a row, chemicals maker SRF Ltd on May 7 reported that its specialty chemicals division has faced challenges due to both dumping and intense competition from Chinese manufacturers.Specifically, the fluorochemicals sector saw a downturn due to Chinese companies dumping the Indian and global markets with refrigerants.
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BENGALURU: India's Kajaria Ceramics reported a surprise drop in fourth-quarter profit on Tuesday, hurt by increased costs and weak demand. Kajaria's consolidated net profit fell 5.2% year-on-year to 1.02 billion rupees ($12.2 million) in the fourth quarter. Analysts, on average, had expected profit to climb to 1.26 billion rupees, according to LSEG data.
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