India's IFB Industries hits 5-month low as expenses drive Q3 loss

IFB Industries

02/02/2022 05:26

** Shares of home appliance maker  IFBI.NS  fall as much as
7.9% to 953 rupees, their lowest since Sept. 2
    ** Co on Tuesday reported a quarterly loss of 32.1 million
Indian rupees ($429,287.86) vs profit of 686.6 mln rupees in
year-ago qtr  urn:newsml:reuters.com:*:nFWN2UC0SM
    ** Overall expenses surged 10% to 9.6 bln rupees
    ** About 40,156 shares change hands vs 30-day avg of 28,990
    ** IFBI shares down 11.5% so far this year after falling
3.7% in 2021    


($1 = 74.7750 Indian rupees)

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))