India's Flair Writing Industries up after Q4 profit rise

Flair Writing Industries

28/05/2024 09:31

** Shares of Flair Writing Industries  FLAI.NS  up 1.8% at
305.6 rupees after rising as much as 3.4%
    ** Stationery maker on Monday reported 3.6% Y/Y rise in Q4
consolidated net profit
    ** Rev from ops fell 2.1% Y/Y while total expenses fell 3%
Y/Y
    ** FLAI sees FY25 total capex at 950 mln rupees - 1 bln
rupees ($11.4 mln - $12 mln)
    ** Trading vol 1.6x 30-day daily avg
    ** Stock down 12.2% YTD


($1 = 83.1491 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))