Indian Hume Pipe Company falls 4% on Q4 profit slide

Indian Hume Pipe

17/05/2023 09:31

** Shares of Indian Hume Pipe Company Ltd  IHME.NS  fall as
much as 4.44%, the steepest intraday pct loss in three months,
to 134.40 rupees
    ** Fall after construction engineering firm reports fall in
March quarter net profit to 160.1 mln rupees compared to 197.8
mln rupees in the corresponding quarter a year ago  urn:newsml:reuters.com:*:nFWN37D0W7
    ** Core profit slips 8% Y/Y in Q4; core profit margin
contracts to 9.2% from 11.6%
    ** Co also approves dividend of 1 rupee per share, subject
to shareholders' approval
    ** Trading volume is 139,931 shares as of 1:55 p.m. IST,
more than twice the 30-day avg - Refinitiv data
    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))