India's HPL Electric down 4% on slide in Q4 profit

HPL Electric & Power

30/05/2023 07:38

** Shares of HPL Electric & Power Ltd  HPLE.NS  fall as much
as 4.17% to 93 rupees
    ** Electric equipments maker reports 16.5% Y/Y slide in Q4
net profit
    ** Slide in profitability due to 12% rise in total costs
    ** HPLE also approves final dividend of 1 rupee per share
    ** Trading volume is 208,333 shares as of 12:03 p.m. IST,
almost similar to the 30-day avg - Refinitiv data

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