India's Prakash Industries jumps on qtrly profit rise

Prakash Industries

17/05/2024 10:00

** Shares of Prakash Industries  PRKI.NS  up 5.16% at 171.45
rupees 
    ** The steel products maker's March-qtr profit after tax
rose 53% y/y to 887.7 mln rupees ($10.7 mln), total expenses
slumped ~15%
    ** Total rev from ops fell 12%
    ** PRKI was down 0.7% ahead of results 
    ** Stock sees busiest trading session since late March,
volumes at 2.7x the 30-day avg 
    ** Including session's gains, stock up 3% YTD  




($1 = 83.3695 Indian rupees)

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