SRF Ltd's shares fall as much as 7.9 pct to their lowest in over eight months.
June-qtr consolidated profit down about 33 pct to 1.04 bln rupees ($16.31 million), hurt by higher expenses.
Q1 results subdued due to headwinds in the form of sharp rupee appreciation against the dollar and transitional issues related to GST, managing director Ashish Bharat Ram said in a statement.
"We expect margins and sales to remain under pressure in FY18," Ambit Capital Pvt Ltd analysts wrote in a note.
($1 = 63.7750 Indian rupees)
