Indo-MIM shares hit upper circuit after Q1 profit jumps 23%

Shares of Indo-MIM, which listed on July 30, 2026, hit the 10 percent upper circuit on Wednesday. The rally follows the company reporting a 23.48 percent year-on-year rise in standalone net profit to Rs 223.17 crore for the first quarter of FY27.

Revenue from operations grew 3.2 percent to Rs 1,003.11 crore. The company's operating profit margin improved to 36 percent from 32 percent a year ago, driven by a 10.9 percent drop in raw material costs, although employee and other expenses rose.

The stock had listed at a 44.33 percent premium over its IPO issue price of Rs 485. Business Today reports the company makes precision components using metal injection molding technology.