India's chemical maker DCW falls 5% after Q2 profit drop

DCW

08/11/2023 08:04

** Shares of DCW  DCWL.NS  fall as much as 5% to 51.70
rupees
    ** The chemical maker reported a near 95% Y/Y drop in Q2 net
profit, while rev from ops fell about 41% 
    ** Co's revenue from polyvinyl chloride (PVC) and caustic
soda segments, which together contributed two-thirds of Q2
revenue fell 63.4% Y/Y and 25.4% Y/Y
    ** Stock on track for a third consecutive session of loss,
if trend holds
    ** Stock up 3.5% YTD

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))