India's Kirloskar Electric falls 12% on Q3 profit slump

Kirloskar Electric

12/02/2024 08:10

** Shares of Kirloskar Electric Company  KREL.NS  fall ~12%
to 127.65 rupees, their biggest intraday fall since Aug. 2019
    ** Electrical engineering firm reported a ~55% slump in its
Dec-qtr consol profit after tax
    ** KREL on track for third straight session of decline
    ** Stock trims YTD gains to 16%    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))