India's Kirloskar Pneumatic slides as Q1 core profit falls

Kirloskar Pneumatic

20/07/2023 10:17

** Shares of Kirloskar Pneumatic Company Ltd  KIRP.NS  fall
as much as 4.4% to 630.2 rupees, biggest intraday pct. loss
since April 28
    ** Co says June-qtr EBITDA down ~5.5% Y/Y after a 11% fall
in revenue
    ** Trading volume at ~122,000 shares, 2.2x the 30-day avg of
~56,500 shares as of 2:20 p.m. IST 
    ** Stock up ~4% since market debut on April 26



($1 = 82.0422 Indian rupees)

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))