India's IG Petrochemicals sees worst day in 3 mths on Q3 profit fall

I G Petrochemicals

03/02/2023 07:13

** Shares of Indian organic chemicals maker I G
Petrochemicals Ltd  IGPT.NS  fall as much as 7.74% to 426.30
rupees, marking sharpest intraday pct loss since Nov. 4, 2022
    ** Stock also hits lowest level since Nov. 4, 2022, on
course for third consecutive session of losses
    ** IGPT on Thursday reported a 65.7% fall in its
consolidated profit after tax as total expenses jumped 19.8% and
the cost of materials consumed rose 26.8%
    ** More than 66,000 shares change hands by 12:20 p.m. IST,
4.4x the 30-day avg 
    ** Stock down ~25.9% in 2022
($1 = 82.2550 Indian rupees)
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))