India's Vinyl Chemicals extends losses on lower quarterly profit

Vinyl Chemicals (India)

17/01/2025 08:16

** Shares of Vinyl Chemicals  VNYL.NS  fall as much as 5.73%
to 321.6 rupees 
    ** Chemical manufacturer reported ~28% y/y drop in Dec-qtr
profit at 50.1 mln rupees ($578,471.84), rev from ops fell 8% to
1.46 bln rupees 
    ** Stock was down 1.6% ahead of results 
    ** VNYL eyes busiest trading day in nine sessions, volumes
at 1.7x the 30-day avg 
    ** Stock last down 2.8%, it fell 25% in 2024 

($1 = 86.6075 Indian rupees)

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