India's Star Cement drops on Q4 profit drop

Star Cement

22/05/2025 07:37

** Star Cement STAT.NS falls 2.5% to 226 rupees

** Co posts 49.8% y/y decline in Q4 net profit; rev from ops falls 24.4% y/y

** Reports negative purchase in reported quarter due to refund for goods bought in Q3

** Stock rated "buy" on avg; median PT is 240.5 rupees, per data compiled by LSEG

** Day's move extends stock's YTD losses to 2.8%

($1 = 85.6650 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))