Chambal Fertilisers and Chemicals drops as Sept-quarter profit sinks

Chambal Fertilisers and Chemicals

02/11/2022 05:38

** Shares of agro-product business Chambal Fertilisers and
Chemicals Ltd  CHMB.NS  fall as much as 6.9% to 303.50 rupees,
biggest intraday percentage loss since June 20
    ** Co said on Tuesday its Sept-qtr consolidated profit fell
45.8% to 2.74 bln rupees ($33.14 mln) 
    ** Co's qrtly revenue from ops rose to 85.87 bln rupees from
44.79 bln rupees a year ago
    ** CHMB's total expenses more than doubled to 83.1 bln
rupees from 38.4 bln rupees a year ago as input costs weighed
    ** Co named Anand Agarwal as their new CFO 
    ** Stock hits lowest in more than a month
    ** More than 3.9 mln shares change hands, 2.9 times the
30-day avg of over 1.3 mln shares
    ** Stock down 17.4% this year, up to last close 
    ($1 = 82.6840 Indian rupees)
 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))