India's Steelcast set for best day in over 1-1/2 yrs on Q3 profit rise

Steelcast

29/01/2025 08:09

** Shares of Steelcast  STCL.NS  jump 11.4% to 910.7 rupees,
eyes best one-day pct gain since May 24, 2023
    ** The iron and steel products maker said Q3 profit rose
10.2% to 192.1 mln rupees ($2.2 mln), income from ops up 13% Y/Y
    ** Co says profitability improved owing to higher volumes,
exchange rate gains, improved operational efficiency and cost
optimisation
    ** Nearly 50,000 shares change hands, 3.7x its 30-day avg
    ** Stock up ~6% so far this month



($1 = 86.5350 Indian rupees)

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