PB Fintech fell 1.99% to Rs 878.10 after the company reported consolidated net loss of Rs 298.02 crore in Q3 December 2021, higher than net loss of Rs 19.59 crore in Q3 December 2020.
It's EBIDTA reported negative at Rs 37.70 crore for Q3 FY’22 as against negative EBITDA of Rs 19.40 crore for Q2 FY’22.
Fitch expects diesel and gasoline refining margins to remain healthy in the near term, with the Indian economy continuing to recover, although diesel spreads may narrow a little as the peak winter heating demand reduces.
Morepen Laboratories slumped 6.07% to Rs 47.95 after the company reported 10% fall in consolidated net profit to Rs 21.52 crore despite a 29% rise in net income from operations to Rs 396.49 crore in Q3 FY22 over Q3 FY21.
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