IFGL Refractories Ltd has reported an increase in standalone net profit to nearly Rs 5.4 crore for the quarter ending December 31. The company had reported a standalone net profit of Rs 3.7 crore in the corresponding quarter last fiscal. Standalone income during the quarter stood at nearly Rs 79 crore.
On a consolidated basis, however, the company reported a near 10 per cent decline in net profit to Rs 10 crore (Rs 11 crore). Consolidated net income stood at Rs 169 crore. IFGL stock closed at Rs 34.90, up by 0.14 per cent, on the BSE on Friday.