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KERNEX — Kernex Microsystems (India) News Story

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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)

((Payel.das@thomsonreuters.com))

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