India's Kabra Extrusion hits near 2-month high on Q3 profit jump

Kabra Extrusion Technik

23/01/2023 08:40

** Shares of industrial machinery maker Kabra Extrusion
Technik Ltd  KBRE.NS  up as much as 15% at 539.90 rupees, their
biggest intraday pct gain since Nov. 21
    ** Stock hits highest level since Dec. 6
    ** Co on Friday said its Dec-qtr consolidated net profit
rose ~31% YoY to 114.7 mln rupees ($1.41 million) on strong
growth in unit, Battrixx's revenue 
    ** Sales at Battrixx, a lithium-ion battery packs
manufacturer, rose to 1.20 bln rupees from 377 mln rupees year
ago
    ** KBRE's consolidated revenue from operations rose ~97% to
2.07 bln rupees
    ** EBITDA for the quarter rose 36.3% YoY to 221 mln rupees
    ** Over 915,000 shares change hands by 01:25 p.m. IST, 10.6x
the 30-day moving avg
    ** Stock rose 3.2% last year
($1 = 81.3160 Indian rupees)
 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))