India's Kirloskar Pneumatic rises to over 1-mth high on profit jump

Kirloskar Pneumatic

19/10/2022 10:15

** Shares of engineering goods maker Kirloskar Pneumatic Ltd
 KIRP.BO  rise as much as 5% to 593 rupees, highest since Sept.
16
    ** KIRP on Wednesday said its Sept. profit more than doubled
to 272.1 million rupees ($3.30 million) on better execution of
orders
    ** Quarterly rev from ops rose 30.3% to 2.95 billion rupees
    ** Co says supply chain situation improving, commodity
prices eased
    ** Overseas deliveries from Europe "continues to be plagued
by uncertainty and extended timelines" - co adds
    ** ~120,000 shares change hands by 0907 GMT, vs 30-day avg
of 42,495 shares
    ** Stock up 31.7% so far this year upto last close vs S&P
BSE SmallCap Index's  .SPBSSIP  2.4% fall
($1 = 82.4125 Indian rupees)
 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))