India's Deepak Fertilisers slumps on quarterly profit fall

Deepak Fertilisers and Petrochemicals

02/11/2023 09:13

** Shares of Deepak Fertilisers and Petrochemicals
Corporation  DPFE.NS  down as much as 7.6% to 590.6 rupees,
their lowest since Aug. 30
    ** Stock hits sharpest intraday pct loss since Oct. 23 
    ** Bulk chemicals manufacturer's Sept-quarter profit fell
almost 80% to 601.3 million rupees ($7.22 million)
    ** Rev from ops fell nearly 11% to 24.24 billion rupees 
    ** About 1.1 mln shares change hands as of 2:31 p.m. IST,
1.5 times the 30-day average 
    ** Shares last down 6.8%; they gained nearly 15% in the Sept
quarter

($1 = 83.2250 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))