India's ICRA slips down after Q1 profit fall

ICRA

23/07/2024 09:17

** Shares of credit rating agency ICRA Ltd  ICRA.NS  fall as
much as 3.3% to 5,600.35 rupees 
    ** Q1 consol net profit fell 11.9% y/y to 355.2 mln rupees
($4.2 mln) and total expenses grew 20.9% y/y
    ** Co says, there was "a transient dip in the economic
activities due to general elections and uneven progress of the
monsoon," in Q1
    ** Stock on track to fall for third straight day
    ** More than 10,000 shares traded as of 1:41 p.m. IST, vs
their 30-day moving avg of 13,561 shares
    ** ICRA last down 1.4%, gained ~0.9% YTD so far


($1 = 83.6750 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))