India's Axiscades Technologies up on three-fold surge in Q1 profit

Axiscades Technologies

06/08/2024 05:49

** Shares of engineering services provider Axiscades
Technologies  AXIT.NS  rise 7.8% to 544.8 rupees
    ** Stock set to snap four-session losing streak
    ** Co's Q1 profit rose three-fold to 170.7 mln rupees ($2
mln)
    ** Revenue rose to 2.23 bln rupees from 2.14 bln rupees;
expenses inched up to 2.10 bln from 2.08 bln
    ** More than 293,000 shares change hands, 1.2x its 30-day
avg
    ** AXIT trims YTD declines to 14%

($1 = 83.8510 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com; +91 8078332441))