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The company's revenue slumped nearly 30 percent to Rs 276 crore year-on-year from Rs 395 crore in the year-ago period.
Shares of agrochemical company Heranba Industries fell 20 percent on Monday after the company reported a decline in profit and revenue for the December quarter.
Heranba Industries posted a 76 percent plunge in profit after tax (PAT) to Rs 13 crore in December quarter from Rs 53 crore in the year-ago period. Sequentially, PAT was down 73 percent.
The company's revenue slumped nearly 30 percent to Rs 276 crore year-on-year in the December quarter from Rs 395 crore in the year-ago period. On a sequential basis, revenue fell 34 percent from the September quarter.