India's GR Infraprojects down on lower Q3 profit

G R Infraprojects

13/02/2024 06:42

** Shares of GR Infraprojects  GINF.NS  down 2.1% at
1,202.75 rupees
    ** Engineering, procurement and construction firm reported a
25% fall in consolidated net profit to 2.43 bln rupees ($29.3
mln) for the Dec-qtr, revenue dipped 2.6% 
    ** GINF eyes fourth straight session of losses; on track to
snap five consecutive weeks of gains
    ** On avg, rating of 10 analysts equivalent of "buy"; median
PT 1300 rupees - LSEG data
    
     
($1 = 83.0090 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))