India's Hikal slips after quarterly profit slump
29/05/2026 05:45
BUZZ-India's Hikal slips after quarterly profit slump ** Shares of India's Hikal HIKA.NS fall 9.41% to 200.49 rupees
** The pharmaceutical firm's fourth-quarter consol net profit came in at 144 million rupees ($1.51 million), down from 502 million rupees a year earlier
** Revenue from operations down 6% y/y
** Company posts a one-time impairment charge of 471 million rupees related to re-purposing of a manufacturing plant
** YTD, stock down around 10.5%
($1 = 95.5725 Indian rupees)
(Reporting by Bipasha Dey in Bengaluru)
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