India's Kesoram Industries rises as June quarter net loss halves

Kesoram Industries

17/07/2023 08:45

** Shares of Kesoram Industries  KSRM.NS  rise as much as
3.06% to 72.45 rupees 
    ** The clinker and cement maker reports narrowing of loss in
June quarter to 324.4 mln rupees from 612.5 mln rupees
year-on-year
    ** Revenue from operations up 12% Y/Y to 9.99 bln rupees;
core profit triples to 1.04 bln rupees from 304.8 mln rupees Y/Y
    ** Trading volume is 4.33 mln shares as of 1:08 p.m. IST,
2.6x the 30-day avg - Refinitiv data
    ** Stock up 20% compared to 8% rise for Nifty 50  .NSEI  in
2023 so far

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