India's Lambodhara Textiles down 8% after Q4 profit drop

Lambodhara Textiles

29/05/2023 09:12

** Shares of Lambodhara Textiles Ltd  LAMB.NS  fall as much
as 7.7% to 197.6 rupees
    ** Synthetic yarn maker says March-qtr profit after tax fell
90% to 3.6 mln rupees ($43,556), hurt by a 15% fall in revenue
from ops
    ** Stock on track for fourth straight session of losses
    ** Trading volume at ~146,152 shares, below the 30-day avg
of ~256,368 shares as of 1:20 p.m. IST 
    ** Stock last up 95% so far this year

($1 = 82.6519 Indian rupees)

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))