Austin EngineeringCo

** Shares of Austin Engineering ANG.AX fall as much as 20.6% to A$0.135, their lowest since July 12, 2021

** Engineering co lowers FY26 EBIT forecast to A$10 million-A$11 million ($7.05 million-$7.76 million) from previous A$14 million-A$16 million outlook

** Co revises FY26 revenue outlook to A$325 million from prior forecast of more than A$350 million

** Nearly 6.1 mln shares trade so far, nearly 9x the 30-day average volume

** ANG down 37.5% YTD

($1 = 1.4182 Australian dollars)

(Reporting by Keshav Singh Chundawat in Bengaluru)

(([email protected]))

** Shares of Australia's Austin Engineering ANG.AX rise as much as 13.4% to A$0.318, their biggest intraday gain since March 21

** Highest level since September 10

** Engineering co announces on-market share buyback of up to 10% of its stock to be undertaken over the coming 12 months

** Stock is down 37.8% YTD, including the session's moves

(Reporting by Anjali Singh in Bengaluru)

(([email protected];))

** Australian mining equipments company Austin Engineering ANG.AX falls as much as 12.2% to A$0.325

** Hits lowest level since January 15, 2024

** Co lowers its FY25 forecast for earnings before interest and taxes to ~A$41 mln ($26.7 mln) from A$50 mln

** Analysts' average estimate is A$42.2 mln, according to data compiled by LSEG

** Co to redirect a significant proportion of production for a multi-year contract for truck body supply to its Batam manufacturing facility, leading to revised underlying FY25 EBIT forecast

** Co ups FY25 revenue forecast to A$370 mln from A$350 mln

** Around 6.3 mln shares change hands, more than four times its 30-day average volume of ~1.5 mln

** Stock among the 10 worst performers on Wednesday on ASX's All Ordinaries Index .AORD

** ANG last down 8.8%, taking YTD losses to ~33.8% this year

(Reporting by Keshav Singh Chundawat in Bengaluru)

(([email protected]))

** Shares of Austin Engineering ANG.AX fall 6.5% to A$0.435

** Stock fell as much as 23.7% to A$0.355 earlier in the day, their lowest level since January 22, 2024

** Engineering co reports HY profit after tax attributable of A$10 million ($6.31 million), down 18% compared to last year

** Co also declares an interim dividend of 0.6 Australian cents per share

** 5.5 million shares change hands, 4.8 times the 30-day average of 1.2 million shares

** Stock down 15.7% YTD, including current session's moves

($1 = 1.5843 Australian dollars)

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

Corrects to remove extraneous company symbol

** Austin Engineering ANG.AX gains as much as 3% to A$0.520; biggest intraday pct gain since Nov. 28

** Mining equipment maker gets purchase orders worth ~A$2.7 mln ($1.7 mln) from tier-one iron ore producer in India for 17 ULTIMA trays, used to enhance truck payload capacity

** Orders part of tray replacement programme, with a service life of around four years

** Co sees strong potential for future opportunities in India

** Appoints representative to oversee contract, further business in world's fourth-largest iron ore producer

** Over 3.7 mln shares traded, 2.6x the 30-day avg

** ANG gains ~56% YTD

($1 = A$1.5689)

(Reporting by Kumar Tanishk in Bengaluru)

(([email protected];))

** Shares of Austin Engineering ANG.AX up 15.71% at A$0.405, set for best day since Aug. 29, 2022 if gains hold

** Engineering co upgrades 1H FY24 revenue forecast range to A$138 mln-A$144 mln ($91.12 mln-$95.08 mln) from A$120 mln-A$140 mln

** Upgrades underlying net profit after tax forecast range to A$12 mln-A$14 mln from A$10 mln-A$12 mln

** Expects revenue and margin growth momentum to continue into 2H FY24

** Stock up 6.1% YTD, as of last close

($1 = 1.5145 Australian dollars)

(Reporting by Ayushman Ojha in Bengaluru)

(([email protected];))

Aug 14 (Reuters) - Austin Engineering Company Ltd AUST.BO:

• AUSTIN ENGINEERING COMPANY LTD - RE-APPOINTS HIREN NAROTTAM VADGAMA AS CHAIRMAN

• AUSTIN ENGINEERING COMPANY LTD - RE-APPOINTS RAJAN RAMNIKLAL BAMBHANIA AS MD

Source text for Eikon: ID:nBSED6K45

Further company coverage: AUST.BO

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