India's ICRA down after Q3 profit fall

ICRA

24/01/2024 04:09

** Shares of ICRA  ICRA.NS  fall as much as 3.6% to 5,401
rupees, lowest since Nov. 10
    ** The investment information and credit rating agency said
on Tuesday its third-quarter consolidated net profit fell over
17% Y/Y
    ** Consol rev from ops rose 11.2%, but was overshadowed by
an over 30% jump in total expenses 
    ** Stock slips below 50-day and 100-day simple moving
averages
    ** Stock had gained ~27% in 2023 and 4.3% in the Dec-qtr


 (Reporting by Ashna Teresa Britto)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))