Xpro India drops as low demand dents Q3 profit

Xpro India

06/02/2023 09:52

** Shares of Xpro India Ltd  XPRO.NS  fall as much as 4.9%
to 600 rupees, lowest since Dec. 26
    ** The polymer processing business on Monday said quarterly
net profit fell 44.3% to 64.7 million rupees ($782,937.53)
    ** Also reported revenue from operations at 930.6 million
rupees, down 16.4%, hurt by subdued demand for its consumer
durable products
    ** About 24,900 shares change hands by 3:06 p.m. IST vs
30-day avg of 43,257 shares
    ** Stock down 7.2% so far this year, as of last close 
($1 = 82.6375 Indian rupees)
 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))