India's Craftsman Automation hits 5-month low on Dec qtr profit fall

Craftsman Automation

25/01/2022 04:05

** Shares of engineering services provider  CRAF.NS  fall as
much as 13.7% to 1,901.10 rupees, their lowest since Aug
    ** Co on Monday reported ~14% drop in Dec qtr profit, hurt
by surge in expenses  urn:newsml:reuters.com:*:nFWN2U20GF
    ** CRAF made its debut in Mumbai market in March 2021 after
its IPO was oversubscribed over three times
    ** CRAF shares are up ~ 40% since its market debut

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))