India's Jubilant Ingrevia slips on quarterly profit drop

Jubilant Ingrevia

14/05/2024 10:41

** Shares of Jubilant Ingrevia  JUBN.NS  fell as much as
2.8%, last down 2% at 509.5 rupees
    ** Specialty chemicals maker's March-quarter profit fell 44%
YoY
    ** Stock was up 0.5% before results
    ** Rivals Navin Fluorine International  NAFL.NS  and Gujarat
Fluorochemicals  GUJL.NS  also posted drop in March-quarter
profit
    ** YTD, stock up 0.2%, NAFL and GUJL down 13.4% and 12%
respectively

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))