India's Rico Auto up 9% as profit nearly triples in March quarter

Rico Auto Industries

30/05/2023 09:15

** Shares of Rico Auto Industries Ltd  RAUT.NS  surge as
much as 9.07% to an over three-month high of 86 rupees
    ** The auto components maker reports net profit that almost
tripled year-over-year to 259 mln rupees in the March quarter,
aided by strong sales  urn:newsml:reuters.com:*:nFWN37Q19E
    ** Revenue rises 17% to 6.03 bln rupees
    ** Trading volume is 3.32 mln shares as of 1:39 p.m. IST,
3.6 times the 30-day avg - Refinitiv data

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))