Kernex Microsystems (India) gains after Q1 profit surge
BUZZ-Kernex Microsystems (India) gains after Q1 profit surge ** Shares of Kernex Microsystems (India) KMIL.NS rise as much as 12.9% to 2,450 rupees; last up 4.7%
** Railway technology firm reports June-quarter consolidated net profit of 1.10 billion rupees ($11.53 million), up more than 14-fold, from 74.6 million rupees a year earlier
** Consolidated revenue from operations rises nine-fold y-o-y to 5.04 billion rupees in Q1 from 559.3 million rupees a year earlier
** More than 1.8 million shares change hands, about 8.4x the 30-day average volume - data compiled by LSEG
** Stock up 86.4% YTD
($1 = 95.4125 Indian rupees)
(Reporting by Payel Das in Bengaluru)
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