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LCCPROJECT — LCC Projects News Story

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India's LCC Projects falls as June quarter profit drops

BUZZ-India's LCC Projects falls as June quarter profit drops

** Shares of LCC Projects LCCP.NS fall 4.1% to 142.32 rupees

** Construction co's June quarter consolidated net profit fell 17% Y/Y, revenue dropped 15.1% Y/Y

** LCCP said execution during June quarter was impacted by supply-chain disruptions due to global geopolitical tensions and temporary worker shortages due to state elections

** Adds, situation has normalized with workforce steadily increasing and material availability improving

** Stock on course to fall for third straight session

** LCCP down ~25% since trading debut on September 17


(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))

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