India's ADF Foods falls after flat quarterly profit

ADF Foods

31/07/2024 07:09

** Shares of ADF Foods  AMRN.NS  fall as much as 5.3% to 224.59 rupees
    ** The frozen foods and ready-to-cook food maker on Tuesday reported flat
consol net profit at 150.4 mln rupees ($1.8 mln) for June-quarter
    ** Revenue from operations rose 8% to 12.16 bln rupees, with the company
considering it "a decent growth despite lost sales in June due to unavailability
of containers" 
    ** About 300,000 shares change hands, 0.9x the 30-day avg
    ** Stock last down 2%, taking monthly losses to 6.1% 


($1 = 83.7310 Indian rupees)

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))