Stylam Industries witnessed a decline of over 5% in its share price following the release of its financial results for the fourth quarter. As of 1:28 PM, the shares were trading 5.06% lower at Rs 1,741.70.
The company reported a year-on-year drop of 21.30% in net profit, which fell to ₹29.60 crore from ₹37 crore in the same quarter last year.
Despite this, Stylam Industries posted a 10.50% increase in revenue, reaching ₹265.30 crore compared to ₹240 crore a year ago. However, the company’s operating performance weakened, with EBITDA declining by 10% to ₹43 crore from ₹48 crore.
The EBITDA margin also narrowed to 16.25% from 19.92% on a year-on-year basis, indicating higher costs or reduced operational efficiency.
Stylam Industries shares opened at ₹1,835.00 today, hitting a high of ₹1,860.40 and a low of ₹1,706.10 during trading. The stock has shown considerable movement, staying well below its 52-week high of ₹2,735.00 but above the 52-week low of ₹1,414.00.
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