Atul has registered a 17.6 percent drop in its third quarter net profit at Rs 53.7 crore against Rs 65.2 crore in the same quarter last year. The stock lost 5 percent.
Net sales of the chemical company were up 7.2 percent at Rs 617.2 crore versus Rs 575.8 crore during the same period
Operating profit grew 20 percent to Rs 84 crore from Rs 65 crore and margin jumped 150 bps to 13.7 percent versus 12.2 percent on yearly basis. Its other income was down at Rs 4 crore versus Rs 20 crore.
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