India's Kirloskar Oil Engines hits record high on Q4 profit jump

Kirloskar Oil Engines

09/05/2024 05:47

** Shares of Kirloskar Oil Engines  KIRO.NS  up as much as
13.1% at record high of 1,169.95 rupees; last up 12.6%
    ** The engine manufacturer reported a 88.3% y/y jump in Q4
consolidated net profit to 1.49 bln rupees (about $18 mln)
    ** Revenue from operations rose 20% Y/Y 
    ** KIRO on track for a second consecutive session of gains,
if trend holds    
    ** More than 1 mln shares change hands by 10:04 a.m. IST,
4.1x 30-day avg 
    ** Including session's gain, stock up 66.2% YTD 




($1 = 83.4475 Indian rupees)

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