India's DCW jumps nearly 4% on jump in Q4 core profit margin

DCW

12/05/2023 06:52

** Shares of DCW Ltd  DCWL.NS  rise as much as 3.7% to 47.70
rupees
    ** Uptick after the chemicals maker reports Q4 core profit
margin expands to 16.91% from 13.98% Y/Y; core profit up 1%
    ** Net profit fell 26%, but fall due to payment of deferred
tax worth 154 mln rupees in Q4
    ** Co declares final dividend of 0.3 rupees per share
    ** Co approves reappointment of Pramodkumar Jain as Chief
and Managing Director for three years, with effect from November
1, 2023
    ** About 1.36 mln shares change hands as of 11:14 a.m. IST,
1.2x the 30-day avg - Refinitiv data

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))