India's Kirloskar Brothers hits record high on Q4 profit jump

Kirloskar Brothers

15/05/2024 07:18

** Shares of Kirloskar Brothers  KRBR.NS  up as much as 5%
at record high of 1,610 rupees
    ** Industrial and irrigation pumps maker reported a 51.7%
Y/Y jump in its March-qtr consolidated net profit from continued
operations to 1.53 bln rupees ($18.3 mln)
    ** Revenue from operations rose 8.8% Y/Y 
    ** More than 703,000 shares change hands by 11:45 a.m. IST,
4.5x the 30-day moving avg
    ** Including session's move, stock is up ~80% YTD



($1 = 83.4910 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))