India's SRM Contractors jumps after quarterly profit doubles

SRM Contractors

26/05/2026 07:43

** Shares of India's SRM Contractors SRMC.NS jump as much as 7% to 568.45 rupees; last up 5.2%

** Engineering and construction firm's quarterly consol profit more than doubles y/y to 540.9 million rupees ($5.67 million)

** Consol revenue from ops jumps 95.9% y/y

** Total expenses rise 89.5% y/y, driven by an increase in raw material cost

** Trading vols at 1.3 million shares, nearly 7.5x the 30-day average

** YTD, stock up ~6%

($1 = 95.4375 Indian rupees)

 (Reporting by Bipasha Dey in Bengaluru)

 ((Bipasha.Dey@thomsonreuters.com;))