GR Infraprojects, Anant Raj, Aarti Industries Shares React Post Q3 Results
Aarti Industries shares fell 6.78% on Monday after the company's profit fell to Rs 46 crore.
G R Infraprojects Ltd., Anant Raj Ltd. and Aarti Industries Ltd. stocks were in focus on Monday, after the companies announced their third quarter results.
GR Infraprojects shares opened in the red after profit rose 7.8% to Rs 262 crore, in comparison to Rs 243 crore reported last year. Revenue of the company fell 20.6% to Rs 1,694 crore, against Rs 2,134 crore. It also includes share of profit from associate at Rs 51.3 crore.
Anant Raj stock, on the other hand, fell over 5% after registering a 53.6% advance in net profit at Rs 110 crore missing the street's expectation. Bloomberg had estimated the profit to be at Rs 160 crore. The revenue rose over 36.3% to Rs 535 crore, in comparison with Rs 392 crore.
Aarti Industries shares fell 6.78% on Monday, after the company's profit fell 62.9% to Rs 46 crore, against Rs 124 crore reported in the same quarter last year. It was also below analyst expectation of Rs 52.4 crore.
In contrast, Ganesha Ecosphere Ltd.'s profit more than doubled in the third quarter to Rs 29.7 crore, in comparison to Rs 12.7 crore reported in the December quarter last year. The shares rose over 7% on the back of 39.7% rise in revenue at Rs 398 crore.
Neogen Chemicals Ltd. shares opened in the green after it posted a profit of Rs 10 crore, against Rs 1.1 crore reported in the same period in the previous fiscal. However, it was below the analyst expectation of Rs 12 crore.
