India's Kirloskar Electric Company hits over 5-yr high on Sept-qtr profit

Kirloskar Electric

31/10/2022 07:06

** Shares of electrical engineering company Kirloskar
Electric Company Ltd  KREL.NS  rise as much as 5% to 56.7
rupees, their highest since July 25, 2017
    ** Co on Saturday posted the Sept-qtr consol profit after
tax of 215.2 million rupees ($2.61 million) vs loss of 112.4 mln
year ago
    ** Consol rev from ops rose 28.7% Y/Y to 1.1 bln rupees
whereas consol total expenses only increased 6% Y/Y to 1 bln
rupees
    ** More than 80,500 shares traded as of 0700 GMT, vs their
30-day avg of 285,293 shares
    ** Stock up 137.4% YTD as of last close
($1 = 82.3900 Indian rupees)
 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))