Stocks

HUL shares fall over 2% post Q3 earnings

| | Updated on: Jan 24, 2017

Shares of FMCG major HUL fell over 2 per cent as the company’s third quarter earnings failed to cheer investors.

After a weak opening, shares of the company further went down by 2.34 per cent to Rs 843.

On the NSE, it fell 2.35 per cent to Rs 842.10.

Hindustan Unilever Ltd had yesterday reported 6.82 per cent increase in standalone net profit at Rs 1,037.93 crore for the third quarter of the current fiscal on account of strong exceptional income.

The company had a posted net profit of Rs 971.66 crore in the October-December quarter of last fiscal.

Its exceptional income in the third quarter of 2016-17 was Rs 153.05 crore against Rs 79.61 crore it had incurred in the same period of 2015-16.

Total income from operations declined 0.79 per cent to Rs 8,317.94 crore in the quarter under review, compared with Rs 8,384.68 crore in the same period of last fiscal, the company said in a BSE filing.

Published on January 12, 2018

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