Asset Reconstruction Company (India) jumps 10% on profit rise
Asset Reconstruction Company (India) shares surged 10% to 160.31 rupees, the maximum daily allowed, after reporting a 14.6% year-on-year rise in June-quarter consolidated profit to 590.7 million rupees. Total revenue from operations in the quarter rose 115.4% year-on-year to 2.35 billion rupees.
31 rupees. 1 million), while tax expense doubled year on year and weighed on profit growth. 35 billion rupees. ASSR has gained about 15% since its trading debut on September 17.
5300 Indian rupees)