India's Jubilant Ingrevia falls on Sept-qtr results

Jubilant Ingrevia

20/10/2022 10:38

** Shares of life sciences products and solutions provider
Jubilant Ingrevia  JUBN.NS  fall as much as 4.38% to 518.20
rupees, lowest since Oct. 17
    ** On Thursday, JUBN reported a 23.9% fall in second-quarter
consolidated profit to 842.8 mln indian rupees ($10.16 million)
from 1.11 billion rupees Y/Y
    ** Consolidated income from operations grew 6.7% Y/Y to
12.99 bln rupees 
    ** Fall in profit was due to rise in expenses which grew
11.4% Y/Y    
    ** More than 978,000 shares change hands by 0855 GMT, 1.1X
30-day avg of 895,279 shares
    ** Median PT is 933 rupees - Refinitiv data
    ** Stock down 5.53% YTD up to last close
($1 = 82.9750 Indian rupees)
 (Reporting by Akansha Victor in Bengaluru)
 ((Akansha.Victor@thomsonreuters.com; Mobile: +919654878265;))