Even total income contracted to Rs354.96cr during the period as against Rs468.96cr in the corresponding period of the previous year.
After clocking an intraday low of Rs64.25 per piece on Sensex, the GIPCL stock finished at Rs64.75 per piece down by 6.30%.
Overall, the company's net profit increased to Rs247.98cr against Rs176.40cr of FY19. On the contrary, the total income slided to Rs1,420.71cr in the same fiscal against Rs1,524.26cr of FY19.
In its meeting held on Monday, the company's board recommended a dividend of Rs2.90 per equity share of Rs 10 each fully paid-up for FY20.