India's Jubilant Ingrevia falls on Q2 profit drop

Jubilant Ingrevia

01/11/2023 08:13

** Shares of Jubilant Ingrevia  JUBN.NS  fall as much as
3.2% to 406.20 rupees, hitting lowest level since July 26
    ** JUBN reports near 32% Y/Y fall in Q2 consolidated net
profit; total rev from ops down ~22% Y/Y
    ** Co sees Y/Y fall in consolidated revenue in its two
biggest segment - speciality chemicals and chemical
intermediates
    ** Stock on track for a third consecutive session of loss,
if trends hold
    ** More than 273,000 shares change hands by 1:31 p.m. IST,
1.4x the 30-day avg
    ** Stock down ~22% YTD


 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))