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.