India's Mangalore Chemicals falls most in over a year on Q3 profit slump

Mangalore Chemicals and Fertilisers

05/02/2024 05:34

** Shares of Mangalore Chemicals and Fertilisers  MNGL.NS 
down 11.6% at 124.85 rupees, its steepest fall since Oct. 31,
2022
    ** Fertiliser-maker's quarterly profit fell 57% to 329.8
million rupees ($4 million) from a year earlier, total income
down 45% at 6.51 billion rupees
    ** More than 1.5 mln shares traded, 1.1x times the 30-dy avg
    ** Stock climbed 38.7% in 2023, its fourth straight year of
gains


($1 = 83.0190 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))