Belrise Industries Share: Why Is the Auto Ancillary Stock Down 8% Despite Strong Q1 Results?
India, Aug. 17 -- The share of the company, which manufactures Automotive Sheet Metal and casting parts, Polymer components, Suspension, and mirror systems for automotives, came under pressure after posting Q1 numbers.
With a market capitalization of Rs 22,931 crore, Belrise Industries Ltd's share on Monday made a day low of Rs 236.65 per share, down by 7.3 percent from its previous close of Rs 255.40 per share. The stock of the company gave a return of 70 percent over the last year
Result Overview and Dividend
QoQ Performance: Revenue declined by 0.27 percent to Rs 2,546 crore in Q1 FY27 from Rs 2,553 crore in Q4 FY26, while operating profit increased by 1.03 percent to Rs 293 crore in Q1 FY27 from Rs 290 crore in Q4 FY26.
Profit bef...
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