Inox India Q1 PAT falls 8% to Rs 53 crore

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NEW DELHI:

Inox India

on Friday posted around 8 per cent dip in

consolidated profit

after tax at Rs 52.63 crore. It had reported a profit after tax (

PAT

) of Rs 57.08 crore for the year-ago period, the company said in an exchange filing.
Total income fell to Rs 301.77 crore from Rs 316.96 crore.
On a standalone basis also, the company’s profit fell 2.38 per cent to Rs 53.21 crore from Rs 54.51 crore a year ago.

Income came down to Rs 297.40 crore from Rs 302.05 crore.
The company is into manufacturing of standard and customized cryogenic equipment.
Shares of the company closed 3.95 per cent down at Rs 1,206.05 apiece on BSE.