India's Elin Electronics down as Q4 profit slumps

Elin Electronics

30/05/2023 10:28

** Shares of Elin Electronics Ltd  ELIE.NS  fall as much as
10.6% to 136.70 rupees, their steepest pct loss since March 28
    ** Co reports 87.6% plunge in consolidated net profit for
the March-qtr; revenue from operations fall 15.2%
    ** Co declares final dividend of 1 rupees per share
    ** About 720,000 shares change hands by 2:47 p.m. IST, 2.7x
the 30-day avg - Refinitiv Data
    ** Stock last down 8.2%, extending YTD losses to 38.4%

($1 = 82.7484 Indian rupees)

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))