India's JTL Industries falls on lower Q2 profit

JTL Industries

31/10/2024 06:27

** Shares of JTL Industries  JTLI.NS  fall 3.7% to 199.85
rupees
    ** Steel pipes maker reports a near 6% drop in Sept-qtr
consol net profit to 263.6 million rupees ($3.1 million), rev
from ops down 4.5%
    ** JTLI set to snap three-day winning streak
    ** JTLI shares have fallen ~15% so far in Oct, set for worst
month since March
    ** Stock down ~16% YTD


($1 = 84.0825 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))