India's Shankara Building Products extends losses on quarterly profit fall

Shankara Building Products

04/11/2024 09:53

** Shares of Shankara Building Products  SHAB.NS  fall as
much as 8.8% to 455.35 rupees, last down 4.4% 
    ** Building products firm reported a 16.5% y/y decline in
Sept-quarter consol net profit at 152.1 mln rupees ($1.8 mln)
    ** Stock was down 3.6% ahead of results amid slump in
broader markets  .BO  
    ** SHAB down ~33% YTD 

($1 = 84.0880 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))