India's Belrise gains after quarterly profit rise

Belrise Industries

12/08/2025 06:45

** Shares of Belrise Industries BELR.NS rise 1% to 134.6 rupees

** Auto parts maker's Q1 consol PAT increases 56% y/y, consol rev up 27%

** Co repaid debt of nearly 15.96 bln rupees through IPO proceeds; net debt stands at nearly 7.7 bln rupees, as of June 30

** Jefferies ("buy", PT: 135 rupees) says net interest expense, though higher than estimate, fell y/y due to IPO proceeds, which in turn boosted quarterly net profit

** Since May 28 listing, BELR posts back-to-back profit, stock up 38%

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com;))