Chennai Ferrous Industries Reports 33.9% Profit Surge in Q1, Appoints New Auditors
Chennai Ferrous Industries Limited, a coal trading company, reported a 33.9% year-on-year increase in Q1 net profit to Rs 232.77 crore, despite a 6.2% decline in revenue to Rs 6,920.90 crore. Earnings per share rose by 34% to Rs 6.46. The company also announced the appointment of new statutory, secretarial, and internal auditors, subject to shareholder approval.