India's Electrosteel Castings falls on Q2 profit drop

Electrosteel Castings

31/10/2024 06:04

** Electrosteel Castings  ELST.NS  falls 6.6% to 164.94
rupees; set for biggest intraday pct drop in over a week
    ** Pipe maker's September-quarter consol net profit slides
11% to 1.55 bln rupees ($18.4 mln), rev from ops down 4.8% y/y
    ** More than 2.8 mln shares traded, ~2x the 30-day avg, in
stock's busiest session in a week
    ** ELST up ~49% YTD

($1 = 84.0850 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))