G R Infraprojects shares declined by nearly 3% today after the company reported weaker-than-expected results for the second quarter of FY25. The company’s EBITDA fell by 24.4%, and revenue experienced a sharp decline of 26% year-on-year.
Key Financial Highlights:
- Net Profit: The company’s net profit for Q2 dropped by 10.9% to ₹193.6 crore, down from ₹217.2 crore in the same period last year.
- Revenue: Revenue decreased significantly by 26% to ₹1,394.3 crore, compared to ₹1,882.8 crore in Q2 FY24, highlighting challenging conditions.
As of 9:58 am, G R Infraprojects shares were trading 2.57% lower at ₹1,588.00 on the NSE, reflecting investor concerns over declining profitability and revenue.
