India's Procter & Gamble Health falls after 66% drop in qrtly profit

Procter & Gamble Health

07/05/2021 07:56

** Shares of pharmaceuticals and chemicals maker  PROR.NS 
fall as much as 8.4% to 5,750 rupees, lowest since Nov. 17
    ** Stock on track to record its worst session since March
2020
    ** Quarterly net profit slid 66% to 157.7 million rupees 
($2.14 million) and sales came in at 2.14 bln rupees, down 4%
from a year ago, co said on Thursday urn:newsml:reuters.com:*:nFWN2MT19K
    ** Revenue for three months ended March 31 came in at 2.19
rupees, down 4% from a year earlier
    ** Around 49,600 shares change hands by 0640 GMT, vs 30-day
avg. of 9,999 shares
    ** Stock down nearly 8% YTD, as of last close


($1 = 73.7050 Indian rupees)

 (Reporting by Chandini Monnappa in Bengaluru)
 ((Chandini.M@thomsonreuters.com; 910867497919;))