India's Elin Electronics hits record low on Q3 profit fall

Elin Electronics

13/02/2023 04:48

** Shares of Elin Electronics  ELIE.NS  down as much as
11.2% at 168.5 rupees
    ** Co on track for fourth consecutive week of losses
    ** Electronic manufacturer on Friday reported 33.9% YoY fall
in its consolidated net profit to 45.9 million
rupees($554,769.93) for the quarter ended Dec. 31
    ** Revenue from operations fell 21.8% YoY at 2.02 billion
rupees 
    ** More than 200,298 shares change hands, as of 10:01 a.m.
IST, 0.4x the 30-day average of 495,706 shares
    ** Stock fell 16.7% as of last close since market debut on
Dec. 30
($1 = 82.7370 Indian rupees)
 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))