India's Shalby falls on sequential decline in third-quarter earnings

Shalby

18/01/2023 06:00

** Shares of multi-speciality hospitals chain operator
Shalby Ltd  SHAY.NS  fall as much as 5.21% to 151.05 rupees,
their lowest since Jan 3
    ** The fall comes after the co reported its earnings for the
third quarter after market hours on Tuesday
    ** While the net profit and core profit improved on YoY
basis, all the key profit metrics saw a decline on a sequential
basis
    ** Core profit fell 8.42% to 339.55 mln rupees, compared
with 370.79 mln rupees in the September quarter while core
profit margins contracted to 16.77% in third quarter from 18.37%
in Q2
    ** "The quarterly decline in key profit metrics is only due
to seasonality," said Puneet Maheshwari, manager, investor
relations and corporate strategy at Shalby, and added that the
earnings were impressive from an year-on-year perspective
    ** Trading volume is 2,81,276 shares, 1.1x of 30-day avg of
2,51,044 shares
    
    ($1 = 81.7700 Indian rupees)
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))