India's Shalby loses over 4% on Q4 margin contraction

Shalby

18/05/2023 09:23

** Shares of Shalby Ltd  SHAY.NS  fall as much as 4.57% to
141.85 rupees; steepest intraday pct slide in nearly two months,
    ** Decline comes after multi-specialty hospital chain
operator reports Y/Y contraction of core profit margin to 12.89%
from 14.72% on rising costs
    ** Co also approves the resignation of chief financial
officer (CFO)Venkat Parasuraman, effective after the close of
business hours on May 18
    ** SHAY approves appointment of Amit Pathak as the CFO with
effect from May 19
    ** Trading volume is 656,085 shares as of 1:46 p.m. IST,
nearly five times the 30-day avg - Refinitiv data

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))