India's Mindteck jumps on quarterly profit rise

Mindteck (India)

12/11/2024 09:58

** Shares of Mindteck  MDTK.NS  climb ~4% to 277 rupees 
    ** Technology solutions firm reported a 2% y/y rise in
Sept-quarter consol profit to 75.7 mln rupees ($897,142.65)
    ** Qtrly rev from ops grew 10% y/y to 1.08 bln rupees, while
expenses rose 11% to 1.01 bln rupees 
    ** Stock on track to snap three straight sessions of losses 
    ** MDTK up ~48% YTD 

($1 = 84.3790 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))