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Industrial gas maker BOC India Ltd has posted 24 per cent dip in net profit to Rs 20.3 crore in the quarter ended June 30, 2012, compared with Rs 27 crore in the corresponding period last year. BOC India, a member of the Linde Group of Germany, however, reported around 14 per cent increase in sequential profitability over the first quarter.
In the January-March quarter, it recorded a net profit of Rs 17.8 crore. In the second quarter, the company witnessed a year-on-year 39 per cent growth in net sales at around Rs 342 crore. During the June-ending quarter, the company commissioned its largest air separation plant at Tata Steel’s Jamshedpur unit with a capacity of 2,550 tonnes a day. It also commissioned a 450-tonnes a day merchant plant at Taloja in Maharashtra in Q2, a company note said.
On Thursday, the company’s share price closed at Rs 396 down 2.31 per cent on the BSE.
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