India's Kirloskar Pneumatic tumbles on fall in Q4 earnings

Kirloskar Pneumatic

27/04/2023 10:13

** Shares of Kirloskar Pneumatic Co  KIRP.NS  fall as much
as 11.53% to 542.50 rupees after co reports 41% YoY fall in Q4
net profit
    ** Core profit fell 38% while core profit margins contracted
to 13.32% from 19.5%
    ** Revenue from operations fell to 3.6 bln rupees from 4 bln
rupees
    ** Trading volume at 203,171 shares as of 2:22 p.m. IST,
more than 51 times the 30-day avg -  Refinitiv data

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))