India's SRM Contractor surges after upbeat Q3 results, higher revenue outlook

SRM Contractors

16/02/2026 05:49

** Shares of SRM Contractors SRMC.NS jump 9.4% to 429 rupees

** Road and bridges builder posts 50.6% jump in Q3 profit, helped by ~54% jump in quarterly revenue

** SRMC raises FY26 revenue outlook to 8 billion rupees to 9 billion rupees range vs 8 billion rupees earlier

** Stock rose as much as 16.3% earlier in the session

** About 1.5 million shares traded, 14.7x the 30-day average volume

** Stock trims YTD loses to 19%

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))