India's Gandhar Oil Refinery down on Q2 profit fall

Gandhar Oil Refinery India

18/12/2023 05:17

** Shares of Gandhar Oil Refinery  GADH.NS  fall as much as
9.1% to 281.6 rupees
    ** Co reported on Friday its profit for Sept-qtr fell ~21%;
EBITDA margin contracted to 7.59% from 7.86% in Q1
    ** Stock has gained ~74% since listing on Nov. 30 vs its
offer price of 169 rupees



($1 = 82.9850 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))