Net profit of Ion Exchange (India) rose 52.15% to Rs 12.05 crore in the quarter ended September 2018 as against Rs 7.92 crore during the previous quarter ended September 2017. Sales rose 5.41% to Rs 228.82 crore in the quarter ended September 2018 as against Rs 217.08 crore during the previous quarter ended September 2017.

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Ion Exchange (India) will hold a meeting of the Board of Directors of the Company on 24 October 2018.

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The announcement was made after market hours yesterday, 16 August 2018.

Meanwhile, the S&P BSE Sensex was up 201.33 points, or 0.53% at 37,864.89

On the BSE, 1,567 shares were traded on the counter so far as against the average daily volumes of 5,819 shares in the past two weeks. The stock had hit a high of Rs 410.35 and a low of Rs 410.30 so far during the day. The stock had hit a record high of Rs 634 on 22 December 2017 and a 52-week low of Rs 371.40 on 23 July 2018.

The small-cap company has equity capital of Rs 14.67 crore. Face value per share is Rs 10.

Ion Exchange (India) secured and signed a contract for engineering, procurement, supply and construction of water treatment plant worth Rs 438.84 crore (inclusive of GST) from Cairn Oil & Gas, a division of Vedanta.

Ion Exchange (India) reported 49.52% rise in net profit to Rs 10.90 crore on 1.2% fall in net sales to Rs 205.55 crore in Q1 June 2018 over Q1 June 2017.

Ion Exchange (India) is engaged in water and environment management business. The company offers products, including ion exchange resins, water treatment plants and chemical additives.

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Ion Exchange (India) has secured and signed a contract for Engineering, Procurement, Supply and Construction of Water Treatment plant worth Rs. 438.84 crore (inclusive of GST) from Cairn Oil & Gas, a division of Vedanta.

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