Sumitomo Chemical India Ltd.NSE: SUMICHEM

Sumitomo Chemical India falls after Q4 profit declines

· Issued by Sumitomo Chemical India Ltd.

** Sumitomo Chemical India NSE:SUMICHEM falls 5% to 507.20 rupees; set for biggest intraday pct drop in more than three months

** Pesticides maker reports 9.2% y/y decline in Q4 profit amid higher raw material and labor costs

** Revenue from operations largely flat y/y

** Stock narrows 12-month gains to 15.3%