BOM:544322

Motilal Oswal Securities Starts Unimech Aerospace & Manufacturing at Buy With INR1,530 Price Target

Unimech Aerospace's Consolidated Attributable Profit Declines in Fiscal Q4

Unimech Aerospace and Manufacturing's (NSE:UNIMECH, BOM:544322) consolidated attributable profit declined to 261.0 million Indian rupees in the fiscal fourth quarter ended March 31, from 292.0 million rupees a year ago.Earnings per share contracted to 5.12 rupees from 6.16 rupees a year earlier, the aerospace and defense company said in a filing to the Indian bourses on Thursday.Revenue from operations in fiscal Q4, however, increased to 818.0 million rupees from 683.7 million rupees a year ago.

Unimech Aerospace and Manufacturing Forms Wholly-Owned Subsidiary; Shares Up 3%

Unimech Aerospace and Manufacturing (NSE:UNIMECH, BOM:544322) has incorporated a wholly-owned subsidiary, Uniflux Renewable Energy, according to a Monday filing to the Indian stock exchanges.The subsidiary has been formed with a total subscription of 100,000 Indian rupees.The company's shares were up nearly 3% in recent trade.