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GLASSWALL — Glass Wall Systems India News Story

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India's Glass Wall Systems falls on June qtr profit drop

BUZZ-India's Glass Wall Systems falls on June qtr profit drop

** Shares of Glass Wall Systems (India) GLAS.NS fall 5.3% to 261 rupees

** Facade manufacturer's June qtr consolidated net profit falls 7.7% Y/Y to 173 mln rupees ($1.8 mln) due to weak margins; revenue up 35.8% Y/Y

** EBITDA margin drops to 21.3% from 26.6% year ago

** GLAS up ~35% since trading debut on Sept 16


($1 = 96.5850 Indian rupees)


(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))

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