Borosil fell 3.10% to Rs 342.15 after the company's consolidated net profit declined 6.08% to Rs 23.32 crore on 7.89% rise in revenue from operations to Rs 280.61 crore in Q3 FY23 over Q3 FY22.
Profit before exceptional items and tax fell 31.09% to Rs 26.15 crore in Q3 FY23 compared with Rs 37.95 crore in Q3 FY22.Exceptional items includes receipt of claim amount of Rs 4.25 crore from insurance company as a full settlement of the claim with respect to loss of property due to fire at the company's warehouse situated at Bharuch.
During the quarter total expense jumped 16.46% to Rs 268.01 crore as against Rs 230.14 crore in corresponding quarter last year. Cost of raw material consumed stood at Rs 47.12 crore (up 36.98% YoY) and employee benefit expense was at Rs 30.04 crore (up 16.48% YoY).
Borosil is engaged in the business of manufacturing scientific instruments.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app