India's Thyrocare Technologies falls on weak Q1 earnings

Thyrocare Technologies

02/08/2023 07:05

** Shares of Thyrocare Technologies  THYO.NS  fall as much
as 3.45% to 570.05 rupees
    ** Healthcare service provider posts 20.39% year-on-year
fall in consolidated net profit to 173 mln rupees in June
quarter
    ** EBITDA (Earnings before interest, tax, depreciation and
amortisation), as calculated by Reuters, fell 4.48% to 343.1 mln
rupees
    ** EBITDA margin contracts to 25.41% from 28.06% Y/Y
    ** Including session's fall, stock down 6.13% in 2023 so far
compared to 18.24% rise in Nifty Healthcare index  .NIFHEIN  -
Refinitiv data

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