India's Synergy Green Industries falls after quarterly profit slump

Synergy Green Industries

20/05/2026 09:00

** Shares of India's Synergy Green Industries SYNR.NS fall as much as ~5.6% to 520 rupees; last down 2.3%

** Metal castings maker's Q4 consol net profit fell ~89.4% y/y to ~4.1 million rupees ($42,329), hurt by higher expenses

** Total expenses rose 36.4% y/y, driven by higher raw material costs, employee costs and depreciation

** Revenue from ops rose 22.1% y/y

** SYNR shares closed down ~2.7% in the previous session after results

** YTD, stock up ~4.5%

($1 = 96.8600 Indian rupees)

 (Reporting by Bipasha Dey in Bengaluru)

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