India's Ion Exchange slips as higher expenses weigh on quarterly profit

Ion Exchange (India)

29/05/2025 08:31

** Shares of water treatment provider Ion Exchange IONX.NS fall 2.8% to 550 rupees

** Co posts a fall of ~13% y/y in March-qtr profit, while rev rose 6.8%

** Expenses rose 8.7% y/y

** IONX set to fall after two straight sessions of losses

** Stock fell ~13% so far this year

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))