Indo Count Industries surges on reporting 6-fold jump in Q1 consolidated net profit

Indo Count Industries is currently trading at Rs. 272.35, up by 3.50 points or 1.30% from its previous closing of Rs. 268.85 on the BSE.

The scrip opened at Rs. 276.70 and has touched a high and low of Rs. 284.55 and Rs. 270.10 respectively. So far 59047 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 285.00 on 03-Aug-2021 and a 52 week low of Rs. 62.70 on 14-Aug-2020.

Last one week high and low of the scrip stood at Rs. 285.00 and Rs. 257.00 respectively. The current market cap of the company is Rs. 5331.77 crore.

The promoters holding in the company stood at 58.94%, while Institutions and Non-Institutions held 10.01% and 31.05% respectively.

Indo Count Industries has reported 7-fold jump in its net profit at Rs 116.01 crore for the quarter ended June 30, 2021 as compared to net profit of Rs 16.07 crore for the same quarter in the previous year. Total income of the company reported 2- fold jump at Rs 783.74 crore for Q1FY22 as compared Rs 323.07 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 6-fold jump in its net profit attributed to the owners at Rs 117.36 crore for the quarter ended June 30, 2021 as compared to net profit of Rs 18.00 crore for the same quarter in the previous year. Total income of the company reported 2- fold jump at Rs 759.22 crore for Q1FY22 as compared Rs 335.97 crore for the corresponding quarter previous year.