Shriram Properties has released its unaudited financial results for the second quarter of FY25, showing a decline in revenue and a continued struggle with profitability.
Key Financial Highlights for Q2 FY25:
- Revenue from Operations: Shriram Properties reported revenue from operations of ₹140.56 crore in Q2 FY25, down significantly from ₹206.08 crore in Q2 FY24, marking a year-over-year decline.
- Total Income: Including other income, the total income for Q2 FY25 stood at ₹155.10 crore, down from ₹231.24 crore in the same quarter last year and from ₹210.90 crore in Q1 FY25.
- Loss Before Tax (LBT): The company reported a loss before tax of ₹16.18 crore for Q2 FY25, compared to a profit before tax of ₹25.81 crore in Q2 FY24, indicating a shift back into losses.
- Net Loss: Shriram Properties posted a net loss of ₹0.79 crore in Q2 FY25, down from a net profit of ₹20.16 crore in Q2 FY24, reflecting a decrease in profitability.
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Shriram Properties