India's Ratnaveer Precision Engineering surges as Q4 profit nearly doubles

Ratnaveer Precision Engineering

15/05/2025 06:27

** Ratnaveer Precision Engineering RATP.NS surges ~13% to 160 rupees; set for fourth straight session of gains

** Co's Q4 revenue jumps 43% y/y; net profit nearly doubles on growth in domestic business

** ICICI Securities says co expanding capabilities

** Expects revenue of 16 bln rupees ($186.9 mln) in 2-3 years (implying ~20% CAGR over FY25-FY28) with significant improvement in EBITDA margins

** More than a million shares traded, ~3x the 6-month daily avg

** YTD, RATP loses 15%

($1 = 85.6250 Indian rupees)

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))