India's Privi Speciality Chemicals rises on Q3 profit jump

Privi Speciality Chemicals

25/01/2024 10:08

** Shares of Privi Speciality Chemicals  PIVI.NS  close up
1.5% after co posts strong Q3 profit
    ** Aroma and fragrance chemicals maker reports Q3 net profit
of 287.6 mln rupees ($3.5 mln), up nearly 4.5x YoY
    ** Rev from ops fell 3.8%, but expenses fell 11.4%
    ** Stock up for a fourth consecutive session, closes above
50- and 100-day avgs for first time in over a month
    ** Stock fell 3.4% in Q3 FY24

($1 = 83.0800 Indian rupees)

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