India's Paradeep Phosphates falls nearly 10% as co swings to loss

Paradeep Phosphates

03/08/2023 07:16

** Shares of phosphatic fertilisers maker Paradeep
Phosphates  PRAO.NS  fall as much as 9.63% to 59.10 rupees
    ** Co on Wednesday reported June-qtr consolidated loss of
1.20 bln Indian rupees vs a profit of 627.7 mln rupees yr ago
    ** Rev from ops rose 25.5% and total expenses climbed nearly
37%, led by higher raw materials costs
    ** More than 8.6 mln shares change hands, 1.8x 30-day avg
    ** Including session's losses, stock up 6.4% YTD


 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))