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BBL — Bharat Bijlee News Story

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India's Bharat Bijlee set for its worst session in about 6 months on Q1 profit drop

BUZZ-India's Bharat Bijlee set for its worst session in about 6 months on Q1 profit drop

** Shares of Bharat Bijlee BBJL.NS down 6.9% to 2387 rupees

** Transformers and electric motors maker's Q1 net profit dropped 29.6% to 196.3 mln rupees ($2.1 mln), as 21.4% rise in expenses offset a 17.7% rev growth

** Stock set for its worst session since Feb 9

** More than 162,000 shares traded, 4.8x their 30-day moving avg

** Shares changed hands most since May 6

** YTD, BBJL down ~11%



($1 = 95.3800 Indian rupees)


(Reporting by Anuran Sadhu in Bengaluru)

((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))

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