India's LMW climbs on September-quarter earnings jump
Wed 10:40
BUZZ-India's LMW climbs on September-quarter earnings jump ** Shares of India's LMW LMVL.NS rise 3.8% to 629 rupees
** Textile machinery manufacturer's September quarter net profit more than doubled to 712.3 million rupees ($7.53 million) from 409.2 million rupees a year ago
** Co's consolidated revenue rose to 11.32 billion rupees from 8.22 billion rupees
** LMVL approves setting up machine tool division unit in Coimbatore for capacity expansion
** Stock up 5.93% YTD
($1 = 94.6350 Indian rupees)
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: anushka.rajvedi@thomsonreuters.com))
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