Shares of Mukand Ltd fell sharply on Wednesday, November 12, following a disappointing set of second-quarter (Q2 FY26) results. The stock dropped 5.86% to Rs 127.61 on the NSE, extending losses after the company reported a steep fall in profitability and revenue.
Mukand’s net profit plunged 60.5% year-on-year to Rs 10 crore, compared to Rs 25.3 crore in the corresponding quarter last year. Revenue declined 8.1% to Rs 1,161 crore from Rs 1,263 crore, while EBITDA slipped 8.8% to Rs 69.5 crore from Rs 76.2 crore. The company’s EBITDA margin remained flat at 6%, reflecting sustained cost pressures.
Following the results, Mukand’s shares hit an intraday low of Rs 126.86, close to its 52-week low of Rs 84.40. The company’s market capitalization currently stands at Rs 18,470 crore, with a P/E ratio of 22.94 and a dividend yield of 1.56%.
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