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Central public sector enterprise Andrew Yule & Co Ltd reported third-quarter (October-December 2015) net profit of Rs 6.28 crore against Rs 9.66 crore recorded in the corresponding quarter of the previous year.
The tea and engineering company’s Q3 income from operations was 97.26 crore (Rs 98.58 crore).
The Rs 2 Andrew Yule stock was trading 8 per cent lower at Rs 24.65 on the BSE platform at 3 pm on Friday.
Meanwhile, Andrew Yule’s 26.23 per cent lubricant arm Tide Water Oil Co (India) Ltd has posted a net profit of Rs 26.33 crore in the third quarter of 2015-16, up from Rs 14.12 crore in the year-ago period.
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