India's Roto Pumps falls on Q3 profit drop

Roto Pumps

13/02/2025 07:11

** Shares of Roto Pumps  ROTP.NS  fall as much as 8.6% to 219.6
rupees, their lowest since June 10
** The industrial machinery and equipment maker posted a near
37% fall in Q3 consolidated net profit to 39.6 million rupees
($455,801); rev from ops rose 28% Y/Y
    ** Co hurt by a 36% rise in total expenses, which outpaced
rev growth
    ** More than 240,000 shares change hands, 1.5x its 30-day
avg
    ** Stock down ~15% so far this week
     
     
     
    ($1 = 86.8800 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))