Shares of Eimco Elecon dropped nearly 5% after the company announced its Q2 FY25 financial results, showing a significant quarter-on-quarter (QoQ) decline in both revenue and net profit. Despite strong year-on-year (YoY) performance, the QoQ results reflect short-term challenges faced by the company.
Key Financial Highlights:
- Net Profit (QoQ): Eimco Elecon’s net profit fell from ₹147.8 crore in the previous quarter to ₹130 crore in Q2 FY25, marking a 12.07% decline.
- Revenue (QoQ): The company’s revenue dropped from ₹749.9 crore in Q1 FY25 to ₹727.45 crore, reflecting a 3.00% decrease.
The decline in QoQ results comes despite the company’s YoY growth, with net profit increasing from ₹118 crore in the same quarter last year. The dip in performance led to a sell-off in the market, driving the share price down by nearly 5%.
TOPICS:
Eimco Elecon