Finolex Industries has announced its Q2 FY25 results, revealing significant declines in both revenue and net profit. The company faced challenges in the second quarter, with its financial performance dipping both on a year-on-year (YoY) and quarter-on-quarter (QoQ) basis.
Key Financial Highlights:
- Revenue from Operations:
- For Q2 FY25, Finolex Industries reported revenue of ₹828.43 crore.
- QoQ, this represents a steep decline of 27.4% from ₹1,140.49 crore in Q1 FY25.
- YoY, revenue decreased by 6.2% compared to ₹883.15 crore in Q2 FY24.
- Net Profit:
- Net profit for Q2 FY25 stood at ₹40.67 crore.
- QoQ, net profit dropped sharply by 91.9% from ₹500.73 crore in Q1 FY25.
- YoY, net profit decreased by 58.5% from ₹97.96 crore in Q2 FY24.
These results indicate a difficult quarter for Finolex Industries, with a notable drop in both revenue and profitability. The company may need to implement new strategies to overcome these challenges in the coming quarters.
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