Ion Exchange (India) announced that the th Annual General Meeting(AGM) of the company on 15 September 2017.

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Net profit of Ion Exchange (India) declined 10.22% to Rs 7.29 crore in the quarter ended June 2017 as against Rs 8.12 crore during the previous quarter ended June 2016. Sales rose 2.87% to Rs 208.05 crore in the quarter ended June 2017 as against Rs 202.25 crore during the previous quarter ended June 2016.

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The result was announced after market hours yesterday, 26 July 2017.

Meanwhile, the S&P BSE Sensex was up 278.05 points, or 0.86% at 32,660.51. The S&P BSE Small-Cap index was up 50.64 points or 0.31% at 16,149.28.

High volumes were witnessed on the counter. On the BSE, 42,000 shares were traded on the counter so far as against the average daily volumes of 16,112 shares in the past one quarter. The stock had hit a high of Rs 578 and a low of Rs 569.85 so far during the day. The stock had hit a record high of Rs 638 on 21 July 2017 and a 52-week low of Rs 254 on 22 November 2016.

The stock had outperformed the market over the past one month till 26 July 2017, advancing 19.38% compared with the Sensex's 4% rise. The scrip had also outperformed the market over the past one quarter gaining 49.86% as against the Sensex's 7.46% rise. The scrip had also outperformed the market over the past one year advancing 87.44% as against the Sensex's 15.75% rise.

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

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) will hold a meeting of the Board of Directors of the Company on 26 July 2017 Unaudited Financial Results for the Quarter ended 30th June, 2017.

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