India's Dhampur Bio Organics falls 10% on Q2 profit slump

Dhampur Bio Organics

10/10/2023 05:11

** Shares of Indian sugar maker Dhampur Bio Organics
 DHAO.NS  fall as much as 10.2% to 158.05 rupees
    ** Co on Monday reported 99% slump in consolidated profit
for Sept. qtr, hurt by nearly 6-fold jump in excise tax expense
    ** Besides, co also put on hold installation of its
greenfield distillery at Meerganj unit, which was expected to be
operational by July 2025
    ** About 462,000 shares change hands as of 09:30 a.m. IST vs
30-day avg of 391,419 shares
    ** DHAO shares down 20% YTD

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))