nox India’s consolidated profit after tax fell 8% to Rs 52.63 crore for the first quarter, down from Rs 57.08 crore last year. Total income decreased to Rs 301.77 crore from Rs 316.96 crore. Standalone profit also dropped by 2.38% to Rs 53.21 crore. The company, which manufactures cryogenic equipment, saw its shares close 3.95% lower at Rs 1,206.05 on BSE. Lower profits and income might raise concerns among investors about future performance and stock value.
Inox India Reports 8% Drop in Profit After Tax
