India's Kallam Textiles sinks on swinging to qtrly loss

Kallam Textiles

15/11/2022 06:45

** Kallam Textiles' shares  KALL.BO  fall as much as 13% to
10.01 rupees, their biggest intra-day pct loss since June 20
    ** Textile co reports Sept-qtr post-tax loss of 103.5 mln
rupees ($1.3 mln) vs a yr=ago profit of 15.2 mln rupees
 urn:newsml:reuters.com:*:nFWN32A3JQ
    ** Rev from ops fell 8.4%, while total expenses rose 10.1%
    ** More than 307,000 shares traded as of 0631 GMT, 4.6 times
their 30-day moving avg of 66,782 shares
    ** Stock last down 5.2%, taking YTD losses to ~37%
 
 ($1 = 81.3950 Indian rupees)
 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))