India's Vindhya Telelinks drops as Sept-qtr profit halves

Vindhya Telelinks

15/11/2022 07:20

** Shares of Vindhya Telelinks Ltd  VNDY.NS  fall as much as
4.5% in their biggest pct loss since Sept. 26
    ** Telecommunication cables manufacturer reports a 52% y/y
fall in Sept-qtr profit as input costs surge
    ** Revenue from operations jumps about 78%, but was more
than offset as input costs rose more than two-fold
    ** Nearly 9,600 shares traded vs 30-day moving avg of
~13,700
    ** VNDY last down 3.8%, cutting YTD gains to 18.4%, which is
still more than the 4.3% rise in the Nifty 500 index  .NIFTY500 
 (Reporting by Akansha Victor in Bengaluru)
 ((Akansha.Victor@thomsonreuters.com; Mobile: +919654878265;))