India's Zuari Agro Chemicals hits 3-1/2-month high on Dec qtr profit

Zuari Agro Chemicals

03/02/2022 06:17

** Shares of agro chemicals maker  ZUAR.NS  rise as much as
10% to 131.65 rupees, highest since Oct 13, hitting an upper
circuit
    ** Co on Wednesday reported a profit of 296.5 mln rupees 
($3.96 million) for Dec qtr vs loss of 463.6 mln rupees yr ago
as revenue more than doubled  urn:newsml:reuters.com:*:nFWN2UD0PN
    ** ZUAR said its ammonia and urea plants operated at normal
levels during the quarter, while its NPK (nitrogen, phosphorus
and potassium) plants were intemittently not in ops due to
non-availability of raw materials
    ** About 335,536 shares change hands, 3x 30-day avg of
110,307
    ** Co shares up ~10% YTD after gaining 21% in 2021
    


($1 = 74.8159 Indian rupees)

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))