India's Tilaknagar Industries gains on Q1 profit rise

Tilaknagar Industries

13/08/2024 06:34

** Shares of Tilaknagar Industries  TILK.NS  rise 4.1% to
251.2 rupees
    ** Indian alcohol beverages maker reported a 56% rise in Q1
consolidated net profit, rev from ops up 4% Y/Y
    ** Stable raw material costs pushed co's EBITDA margin to
16% from 12.6%
    ** More than 2.2 mln shares change hands, 2.8x its 30-day
avg
    ** Day's gaind take stock up 5% for the year


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