India's KPR Mill falls on slide in Q4 profitability

KPR Mill

03/05/2023 09:41

** Shares of KPR Mill  KPRM.NS  falls as much as 2.65%,
reversing gains of 1.78% earlier in the session
    ** Co reports 4.5% YoY fall in consolidated net profit after
tax in Q4, as expenses surge 47% and weigh on profitability
    ** Consolidated total income rises 34%
    ** At day's low of 583.45 rupees, stock slips below 50-day
exponential moving avg of 585.01 rupees
    ** Trading volume is ~175,500 shares as of 1:58 p.m. IST,
0.9x the 30-day avg - Refinitiv data
    ** Avg rating of six analysts close to 'strong buy' with
median PT of 695 rupees, 16% above last close - Refinitiv data


($1 = 81.8300 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))