India's South West Pinnacle hits one-month high after quarterly profit surge
BUZZ-India's South West Pinnacle hits one-month high after quarterly profit surge ** Natural resources exploration and end-to-end drilling firm South West Pinnacle Exploration's shares SWPI.NS rise as much as 9.14% to one-month high of 257.47 rupees
** SWPI last up 5%
** Net profit rises nearly four-fold to 93.36 million rupees ($970,049.61) in the June quarter from 24.03 million rupees a year ago
** Revenue from operations rises 53.4% to 616.82 million rupees
** Operating profit margin grows to 24% from last year's 14%, helped by a robust order book, extension of a contract from Reliance Industries RELI.NS valued over 1.66 billion rupees
** SWPI shares are up 28.3% in 2026 so far, according to exchange data
($1 = 96.2425 Indian rupees)
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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