India's Maral Overseas drops as Q2 loss widens

Maral Overseas

05/11/2024 05:09

** Shares of Maral Overseas  MARL.NS  fall 4.3% to 79 rupees
    ** Textile firm on Monday reported a wider Q2 loss from
continuous operations of 69.6 mln rupees ($827,399) vs a loss of
22.9 mln rupees a year ago
    ** Co hurt by drop in revenue from core yarn segment, which
accounts for 53% of total revenue 
    ** Stock up 14% so far this year

($1 = 84.1190 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))