India's Kesoram Industries hits near 16-year low; Dec-qtr revenue falls

Kesoram Industries

12/02/2020 06:25

** Shares of cement to tyre conglomerate  KSRM.NS  fall as
much as 17% to 40.6 rupees, its lowest level in almost 16 years
    ** Consolidated revenue for the December quarter falls 12.6%
to 6.41 bln rupees ($89.98 mln)
    ** Consolidated loss for the December quarter narrows to
1.02 bln rupees from a loss of 1.35 bln rupees a year ago
    ** Shares are down 5.2% this year as of last close

($1 = 71.2400 Indian rupees)

 (Reporting by Philip George in Bengaluru)
 ((P.George@thomsonreuters.com; +91 8061822657; Reuters
Messaging: p.george@thomsonreuters.net))