India's J Kumar Infraprojects slides on profit fall in Q4

J Kumar Infraprojects

23/05/2023 10:53

** Shares of J Kumar Infraprojects Ltd  JKIP.NS  fall as
much as 4.78% after reporting fall in profit after tax in Q4
    ** Stock had risen 2.3% during the session ahead of the
results
    ** Co reports marginal fall in Q4 PAT to 738.7 mln rupees
compared to 740 mln rupees last year  urn:newsml:reuters.com:*:nFWN37J1ZT
    ** Revenue from operations rises 1.8% while core profit
margin contracts to 14.06% from 14.29% in year-ago period
    ** Trading volume is ~207,700 shares as of 3:16 p.m. IST,
nearly twice the 30-day avg - Refinitiv data
    ** Avg rating of five analysts at equivalent of 'buy' with
median PT of 364 rupees

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