One of Dolly Khanna's favored stocks Rain Industries took a double digit beating today after its results announcement. The company reported 34% yoy growth in revenue to Rs 3,306 cr in Q1CY18, vs. Rs 2,468 cr in Q1CY17. Rain's reported net profit grew by 324.2% yoy in Q1CY18, but there were adjustments for exceptional items for deferred financing cost, and redemption premium totalling to Rs 67 cr that was charged in Q1FY17. After accounting for this, the yoy net profit growth was 141.2%.
Havells India, Quickheal and Aditya Birla Fashion are rising after results announcements today. For the full results dashboard click here.