National Oxygen Ltd’s shares surged by 20 per cent after the company reported a 3310 per cent increase in profit for the quarterended June 30, 2023, at Rs 57.97 lakh compared to Rs 1.70 lakh during the corresponding quarter last year.
Revenues were down by 1.9 per cent at Rs 11.11 crore compared to Rs 11.34 crore last year. Sequentially, profits were 31 per cent lower compared to Rs 84.06 crore in the previous quarter.
Its shares were up 20 per cent at Rs 146 at 1.35 pm on the BSE.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.