India Cements falls after reporting Q3 operating loss

India Cements

03/02/2023 07:03

** Shares of India Cements  ICMN.NS  fall as much as 4%,
steepest intraday decline in a week to 184.65 rupees
    ** Company says consolidated net profit after tax rises
sharply to 1.33 bln rupees in Q3, from 162.4 mln rupees a year
earlier
    ** But rise aided by one-time exceptional gain of 3 bln
rupees
    ** ICMN posts operating loss of 596.2 mln rupees vs profit
of 1.15 bln rupees YoY
    ** Trading volume is 4.51 mln shares, as of 12:17 p.m. IST,
1.7x the 30-day avg of 2.72 mln shares
    ($1 = 82.1300 Indian rupees)
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))