Net profit of Century Textiles & Industries rose 1761.30% to Rs 120.24 crore in the quarter ended June 2017 as against Rs 6.46 crore during the previous quarter ended June 2016. Sales rose 1.24% to Rs 2049.47 crore in the quarter ended June 2017 as against Rs 2024.40 crore during the previous quarter ended June 2016.

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The result was announced during market hours today, 8 August, 2017.

Meanwhile, the S&P BSE Sensex was down 213.06 points, or 0.66% at 32,060.61.

High volumes were witnessed on the counter. On the BSE, 4.36 lakh shares were traded on the counter so far as against the average daily volumes of 68,696 shares in the past one quarter. The stock had hit a high of Rs 1,291.50 so far during the day, which is also its record high. The stock hit a low of Rs 1,186.60 so far during the day. The stock had hit a 52-week low of Rs 663 on 16 August 2016.

The stock had outperformed the market over the past one month till 7 Aug 2017, advancing 8.14% compared with the Sensex's 2.91% rise. The scrip had also outperformed the market over the past one quarter advancing 36.36% as against the Sensex's 8.09% rise. The scrip had also outperformed the market over the past one year advancing 73.56% as against the Sensex's 14.94% rise.

The large-cap company has equity capital of Rs 111.70 crore. Face value per share is Rs 10.

Century Textiles and Industries is engaged in the business of textiles, rayon, cement, real estates, and pulp and paper.

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Century Textiles & Industries will hold a meeting of the Board of Directors of the Company on 8 August 2017, to consider and take on record the Unaudited Financial Results of the Company for the First Quarter (April to June) ended on 30th June, 2017

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Net profit of Century Textiles & Industries reported to Rs 36.83 crore in the quarter ended March 2017 as against net loss of Rs 2.30 crore during the previous quarter ended March 2016. Sales rose 4.82% to Rs 2055.02 crore in the quarter ended March 2017 as against Rs 1960.61 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 104.99 crore in the year ended March 2017 as against net loss of Rs 95.00 crore during the previous year ended March 2016.

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