India's Dishman Carbogen tumbles 12% after quarterly loss widens

Dishman Carbogen Amcis

24/05/2023 06:57

** Shares of Dishman Carbogen Amcis Ltd  DSHM.NS  tumble as
much as 12.16% to a near three-month low of 114.50 rupees
    ** Supplier of specialty chemicals and active pharmaceutical
ingredients reports widened net loss after tax in March quarter
to 707.2 mln rupees, compared to 446.2 mln rupees Y/Y
    ** Loss widened due to fall in lower core profit margin in
Dutch business due to high raw material costs; higher power and
fuel costs also weighed on earnings: DSHM
    ** Trading volume is 1.97 mln shares as of 11:17 a.m. IST,
2.4x the 30-day avg - Refinitiv data

($1 = 81.7800 Indian rupees)

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