India's IRM Energy falls to record low on Q1 profit drop

Irm Energy

16/08/2024 07:23

** Shares of IRM Energy  IRME.NS  fall as much as 6.5% to a
record low of 404 rupees     
    ** City gas distribution co reports a 30.5% drop in Q1
consol net profit, says rev remained largely flat    
    ** Stock down for a fourth session, shedding about 9% during
the period      
    ** More than 200,000 shares change hands, 2x their 30-day
avg 
    ** IRME down 14% since listing in October 2023

 (Reporting by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))