Falcon Tyres registers Rs 12 crore net profit

 The jump in profit can be attributed to a drop in the purchase of traded goods to Rs 8.18 crore in the quarter from Rs 48.83 crore in the previous fiscal and increase in stock in trade from Rs 0.61 crore to Rs 8.90 crore. The company has also worked on cost-cutting measures.

 “The Board of Directors has recommended to split the shares of Rs 10 into two shares of Rs 5 each and also the issue of bonus shares at two shares for every one share to make the value of the shares affordable to shareholders which will increase the total shareholding fraternity in the company.” said Ruia Group Chairman Pawan Kumar Ruia.

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