GOCL Corporation posts 96% yoy rise in cons. net profit for Q3; stock slips 2.7%

GOCL Corporation posts 96% yoy rise in cons. net profit for Q3; stock slips 2.7%
GOCL Corporation Limited, a Hinduja Group Company, has reported a Q3 consolidated income of Rs143.86cr including dividend received by our wholly owned Subsidiary (corresponding quarter Rs160.30cr).


The consolidated net profit for Q3 is Rs24.90cr (corresponding quarter Rs12.68cr).

On a standalone basis, the total income for Q3 is Rs25.91cr as compared to Rs30.25cr in the corresponding quarter of the previous year. Net profit for the Q3 is lower at Rs0.59cr (Rs.6.70cr), as the other income of guarantee commission from the wholly owned UK subsidiary having ceased with the repayment of the loans of $300mn.


GOCL shares are currently trading lower by 2.7% on the NSE.




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