India's ISMT gains nearly 6% on rise in Q4 core profit

ISMT

03/05/2023 10:53

** Shares of ISMT Ltd  ISMT.NS  rise as much as 5.79% to
75.85 rupees, a two-week high
    ** The seamless tubes and engineering steel products' maker
reports core profit at 634 mln rupees compared to an operating
loss of 64.9 mln rupees in Q4FY2022
    ** Revenue up 12% at 6.50 bln rupees in March quarter
 urn:newsml:reuters.com:*:nFWN3700VG    
    ** Co reports a slide in consolidated net profit in Q4 of
83.8 mln rupees from 25.46 bln rupees, a year ago
    ** Co reported an exceptional item of 25.11 bln rupees in
Q4FY2022 boosting its profit 
    ** Trading volume is 1.22 mln shares as of 3:09 p.m. IST,
1.5x the 30-day avg - Refinitiv data
    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))