India's Dwarikesh Sugar Industries hits over 4-month low as qtrly profit falls

DWARIKESH SUGAR INDUSTRIES

28/10/2022 10:26

** Shares of sugar manufacturer Dwarikesh Sugar Industries
Ltd  DWAR.NS  fall as much as 5.3% to 90.30 rupees, their lowest
since June 21
    ** Co on Friday posted an 80.2% fall in Sept-qtr net profit
to 78.4 million Indian rupees ($950,879.32), hurt by an 18% rise
in total expenses
    ** Sept-qtr rev from ops stood at 5.4 bln rupees, up 7.1%
Y/Y
    ** More than 1.4 mln shares traded as of 0911 GMT, vs their
30-day avg of 972,714 shares
    ** Shares up 33.5% YTD, as of last close
($1 = 82.4500 Indian rupees)
 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))