India's Responsive Industries jumps on Q4 profit surge

Responsive Industries

29/05/2024 05:43

** Shares of Responsive Industries  RSPO.NS  rise as much as
5.9% to 325 rupees; last up 4.4% 
    ** The construction supplies company reported a more than
two-fold jump in its consolidated Q4 net PAT to 458.7 mln rupees
 ($5.5 mln)
    ** Revenue from operations rose 21.5% Y/Y 
    ** More than 480,000 shares traded by 10:06 a.m. IST, 1.9x
the 30-day avg
    ** Including session's gain, stock is up 5.4% YTD, after
gaining 161.6% in 2023



($1 = 83.2625 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))