India's Associated Alcohols & Breweries drops 4% on qtrly profit slump

Associated Alcohols & Breweries

09/05/2023 05:16

** Shares of Associated Alcohols & Breweries Ltd  ASAL.NS 
fall as much as 4.3% to 360 rupees
    ** Co reports 35.3% fall YoY in March-qtr profit to 98 mln
rupees ($1.2 mln), rev from ops up ~25%
    ** About 15,728 shares change hands by 9:27 a.m. IST, 0.6x
the 30-day avg - Refinitiv Data
    ** Stock sees steepest pct drop since March 28
    ** Stock down 11.8% YTD as of last close

($1 = 81.7800 Indian rupees)

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))