EMS Ltd shares dropped over 4% after the company reported its Q1 consolidated results. As of 10:04 AM, the shares were trading 4.37% higher at Rs 555.00.
The company posted a 15.8% increase in revenue, rising to Rs 239 crore compared to Rs 206 crore in the same quarter last year. Net profit saw a slight rise of 2.1%, reaching Rs 37.9 crore against Rs 37.1 crore in Q1 last year.
EBITDA grew by 7.6% to Rs 54.1 crore from Rs 50.3 crore, but the EBITDA margin narrowed to 22.6% from 24.4%, signaling some pressure on profitability.
Despite the top-line growth, the market reaction was negative, reflecting investor concerns over margin contraction. On the trading day, EMS shares hit a low of Rs 551.20 and a high of Rs 571.15, opening at Rs 560. The stock remains significantly below its 52-week high of Rs 1,016, though comfortably above the 52-week low of Rs 535.05.
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