New Delhi, Jan. 28 -- Elcid Investments, one of the most expensive stocks in the Indian stock market, announced its December quarter performance today, January 28, reporting a consolidated net profit of Rs.47.37 crore, marking a sharp turnaround from a loss of Rs.7 crore posted in the same period last year.

Its revenue from operations during the reporting quarter stood at Rs.61.37 crore, compared with a loss of Rs.5.25 crore in the same period last year. In the preceding September quarter, the company had reported revenue of Rs.43.98 crore and a net profit of Rs.32 crore.

Elcid Investments Ltd is a Mumbai-based, RBI-registered Core Investment Company (CIC) and NBFC, known for holding a massive long-term stake in Asian Paints. It operate...