India's Aarti Drugs down after Q3 profit, rev fall

Aarti Drugs

25/01/2024 06:24

** Shares of Aarti Drugs  ADRG.NS  drop nearly 5% to 508.9
rupees 
    ** ADRG's Dec-qtr profit and revenue from operations both
down 14% y-o-y
    ** Says revenue from domestic market, 67% of total, declines
~4.5% 
    ** If losses hold, stock on track to fall for six sessions
out of 19 so far this month
    ** Stock up nearly 4% YTD vs 4.4% rise in Nifty pharma index
 .NIPHARM  
    

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))