Shares of consumer goods firm Jyothy Laboratories plummeted 9 per cent on the bourses today after the company posted an 18.80 per cent decline in net profit for the quarter ended September 30, 2011.
The company’s scrip lost 9 per cent to Rs 137.55 on the NSE, while on the BSE, the stock lost 8.18 per cent to Rs 138.50.
Jyothy Laboratories had posted an 18.80 per cent decline in net profit to Rs 12.48 crore for the quarter ended September 30, 2011 against Rs 15.37 crore in the quarter ended September 30, 2010.
It had declared the quarterly results after market hours on Wednesday.
The stock saw an early high of Rs 150 and a low of Rs 138.50 on the BSE, while on the NSE, the scrip moved in the range of Rs 137.55 to Rs 149.90 apiece.