The company, which is engaged in petrochemicals business, reported 23.8 per cent YoY growth in profit before tax at Rs 161 crore, despite 9.3 per cent decline in net revenues at Rs 2,882 crore over the previous year quarter.
The company said that there was no material impact of the Covid-19 outbreak on its financial results as at March 31, 2020. The Group will continue to monitor any material changes to future economic conditions, it said.
At 10:33 am, the stock was trading 12 per cent higher at Rs 78.15 on the BSE, as compared to 0.4 per cent decline in the S&P BSE Sensex. The trading volumes on the counter jumped over five-fold, with a combined 5.2 million equity shares changing hands on the NSE and BSE so far.