India's Dhampur Bio Organics slips after Q1 profit tanks

Dhampur Bio Organics

25/07/2024 09:43

** Shares of sugarcane processing company Dhampur Bio
Organics  DHAO.NS  fall as much as 3.5% to 131.10 rupees
    ** Co's Q1 profit falls over 99% to 1.2 mln rupees
($14,339.49) due to lower demand
    ** Total income falls to 6.39 bln rupees from 7.12 bln
rupees, while expenses declined to 6.38 bln rupees from 6.93 bln
rupees
    ** More than 494,000 shares traded as of 1:54 p.m. IST, 1.6x
their 30-day moving avg
    ** DHAO last down 2.1%, adding to YTD losses of 13.2%

($1 = 83.6850 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))