India's Vinyl Chemicals slips on lower quarterly revenue

Vinyl Chemicals (India)

22/10/2024 10:11

** Shares of Vinyl Chemicals  VNYL.NS  fall 5%, set for
biggest single-day percentage drop since June 4
    ** Chemical company posts 2.63% decline in revenue from
operations in September quarter
    ** Net profit, however, rises to 51.3 mln rupees from 38.8
mln rupees a year ago, helped by fall in total costs
    ** VNYL shares down 19.04% in 2024 so far 

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