India's Electronics Mart tumbles to lowest since debut on Q3 earnings fall

Electronics Mart India

10/02/2023 07:31

** Shares of Electronics Mart  ELEO.NS  fall as much as
7.40% to 72 rupees, lowest since its debut
    ** The consumer electronics' products seller, which listed
in Oct., reports 21% fall in Q3 consolidated net profit
    ** Core profit falls 5.5% while core profit margin contracts
to 4.91% from 6.08% in the same period, a year earlier
    ** About 978,231 shares change hands as of 12:49 p.m. IST,
1.4x the 30-day avg of 723,151 shares: Refinitiv data
    ($1 = 82.6350 Indian rupees)
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))