India's Godawari Power and Ispat falls 5% as profit more than halves

Godawari Power And Ispat

22/05/2023 10:11

** Shares of Godawari Power and Ispat Ltd  GDPI.NS  fall as
much as 4.8% to 365.8 rupees, their biggest intraday pct loss
since March 31
    ** Steel and power supply firm reports March-qtr net profit
from continuing operations fell 58.3% to 1.70 bln rupees ($20.79
mln), revenue fell 8.4% 
    ** Trading volume at ~393,300 shares, slightly above the
30-day avg of ~238,700 shares as of 2:15 p.m. IST 
    ** Stock down 1.4% this year, reversing gains of ~3% as of
last close



($1 = 81.7800 Indian rupees)

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))