India's Sundaram Clayton rises as co swings to quarterly profit

TVS Holdings

06/05/2025 09:10

** Shares of Sundaram Clayton Ltd SUNM.NS rise as much as 8.6% to 2,214 rupees
** The dye castings maker reported a Q4 consol net profit of 1.44 billion rupees ($17.1 mln), versus a loss of 473.4 million rupees
** The co's fourth-quarter revenue up 5.8% at 5.87 billion rupees; EBITDA margin at 16.65% in vs 11.47% a year ago
** Stock on track to gain for a second straight day
** More than 103,000 shares traded, 8.6x their 30-day moving avg, their busiest day since February 28
** SUNM stock cuts YTD losses to ~20%

($1 = 84.3850 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))