India's Indo Rama Synthetics rises on posting Q1 profit

Indo Rama Synthetics (India)

18/08/2025 08:42

** Indo Rama Synthetics (India) IRSY.NS rises 5% to 54 rupees

** Polyester maker reports Q1 consol profit of 527.5 mln rupees ($6 mln) vs year-ago loss of 191.8 mln rupees; revenue soars 38% y/y

** Stock jumps in upbeat market, boosted by Prime Minister Narendra Modi's plan to cut GST .BO

** YTD, IRSY gains 33.4%

($1 = 87.4040 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)

 ((Hritam.Mukherjee@thomsonreuters.com;))