India's Rama Phosphates sees biggest intraday pct loss on Q2 profit fall

Rama Phosphates

04/11/2022 10:09

** Shares of Rama Phosphates Ltd  RMPH.NS  fall as much as
9.1% to 260.35 rupees, their biggest intraday pct loss since
Sept. 20 
    ** The stock is on track for a second consecutive session of
losses 
    ** The phosphatic fertiliser manufacturer on Friday said
that its Sept. qtr profit fell 39.3% to 137.9 million rupees
($1.67 million), mainly due to fall in demand in soya and agri
segments. 
    ** The  Mumbai-based co also reported revenue from
operations of 2.5 billion rupees, up from 2.48 billion rupees a
year ago
    ** About 24,700 shares change hands by 0941 GMT vs 30-day
avg of 14,206 shares
    ** Stock up 4.6% YTD, as of last close
($1 = 82.4470 Indian rupees)
 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))