India's Goldiam slips on fall in Q3 earnings

Goldiam International

10/02/2023 08:19

** Shares of Goldiam International  GOLI.NS  fall as much as
8.5% to 148.60 rupees, lowest in over a week
    ** Jewelry maker and exporter reports 27% fall in Dec-qtr
consolidated net profit to 288.37 mln rupees
    ** Core profit falls 36% to 327.98 mln rupees; margin
contracts to 18.43%
    ** Co declares an interim dividend of 2 rupees per share for
FY2023
    ** Efforts by central banks worldwide to tame inflation has
led to softening in discretionary spending, says Rashesh
Bhansali, executive chairman of Goldiam; adds that co is seeing
signs of demand revival
    ** About 571,000 shares traded as of 1:37 p.m. IST, more
than half the 30-day avg - Refinitiv data
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
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