India's Indigo Paints up on Q3 profit jump

Indigo Paints

12/02/2024 06:21

** Shares of Indigo Paints  INDG.NS  rise 3.6% to 1,472
rupees
    ** Paint maker on Friday reports nearly 42% surge in Q3
consolidated net profit, rev from ops up ~26% Y/Y
    ** Co's EBITDA margin expands to 17.59% from 14.42% year ago
    ** More than 411,000 shares change hands, 3.9x its 30-day
avg
    ** 6 analysts covering the stock on avg have a "hold"
rating; median PT is 1,550 rupees - LSEG data


($1 = 83.0050 Indian rupees)

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