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BOC India Ltd posted a 34 per cent dip in net profit to Rs 17 crore for the quarter ending September 30. The company had reported a net profit of Rs 26 crore during the July-September quarter last year.
The company's turnover, however, grew by over 31 per cent to Rs 311 crore as against the Rs 237 crore that it had posted during the corresponding quarter last year.
According to a company release, the fall in net profit was because of “inflationary pressure and higher overheads for new business.”
On Wednesday, the shares of BOC India closed at Rs 320, up by 4.51 per cent, on the BSE.
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