India's HEG Ltd falls after Q1 profit plunge
16/08/2019 05:21
** Shares of HEG Ltd HEGL.NS fall as much as 8% to 972.7
rupees, lowest since July 23
** Graphite electrodes maker's June-quarter profit plunged
~70% to 2.34 bln rupees ($32.79 mln) urn:newsml:reuters.com:*:nFWN25A0W5
** Total revenue fell by 46% to 8.56 bln rupees
** Revenue from graphite business dipped 48%
** Up to last close, stock down 73% this year
($1 = 71.3575 Indian rupees)
(Reporting by Harish Bhaskar in Bengaluru)
((Harish.Bhaskar@thomsonreuters.com; +91 9886782831; Reuters
Messaging: harish.bhaskar.thomsonreuters.com@reuters.net))
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