India's Udaipur Cement falls after Q1 loss

Udaipur Cement Works

16/07/2024 07:42

** Shares of Udaipur Cement Works  UDCW.NS  down 2.7% to 43
rupees, its biggest one-day loss in over a month
    ** Cement maker reported Q1 net loss after tax of 102.8
million rupees ($1.23 million) vs a profit of 42.1 million
rupees yr ago
    ** Rev up 32%; expenses rose 41.6%
    ** Shares see second-busiest day in nearly 2 weeks, with
over 2 mln shares traded
    ** Stock up 28% YTD, after a 35% climb in 2023

($1 = 83.5850 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))