India's Transrail Lighting jumps on Q3 profit rise, fundraise and capex approval

Transrail Lighting

16/01/2025 08:43

** Shares of Transrail Lighting  TRNR.NS  rise as much as
11.1% to 663 rupees, last up 2.5%
    ** Engineering and construction firm's Q3 consol profit
jumped 19% to 551.1 mln rupees ($6.4 mln), revenue from ops rose
11.6% to 10.68 bln rupees
    ** Co also clears capex plan of 3.27 bln rupees to boost
manufacturing capacity, set up new tower making facility, buy
machinery
    ** TRNR also approved raising 2.37 bln rupees to fund capex
plan
    ** Stock gained 4% since its listing on Dec 27, 2024


($1 = 86.5150 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))