Adroit Industries (India) slips after sequential Q1 revenue drop
BUZZ-Adroit Industries (India) slips after sequential Q1 revenue drop ** Shares of Adroit Industries (India) ADRO.NS fall 3.7% to 186.02 rupees
** Stock on track for fourth straight session of losses
** Auto components manufacturer says Q1 FY27 revenue falls 13% to 341.1 million rupees ($3.58 million) from 392.5 million rupees in previous quarter
** Co says quarterly EBITDA fell to 105.5 million rupees from 106.9 million rupees in Q4FY26** Cites softer demand in North American commercial vehicle market slowed revenue growth over the quarter
** Expects expansion in South America, Canada and other strategic international territories to drive high- margin replacement and original equipment manufacturers (OEM) export demand
($1 = 95.2650 Indian rupees)
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: anushka.rajvedi@thomsonreuters.com))