India's Fabtech Technologies slips as company swings to loss in third quarter

Fabtech Technologies

03/02/2026 04:48

** Shares of Fabtech Technologies FABE.NS slip 8.4% to 149.50 rupees

** The medical equipment and supply company posts third-quarter consol net loss of 56.8 million rupees ($627,393) vs a profit of 204.6 million rupees in the year-ago period

** Third-quarter revenue down 39.8% Y/Y

** Trading vols over 2x the 30-day average at 1.1 million shares

** FABE stock down ~24% so far in 2026

($1 = 90.3740 Indian rupees)

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))