Arvind SmartSpaces shares declined more than 3% in early trade on February 11 after the company reported a weak set of Q3 results on a consolidated year-on-year (YoY) basis.
As of 9:48 AM (IST), the stock was trading near the day’s low of Rs 580.50 after opening at Rs 590.00, compared to the previous close of Rs 604.55. During the session, the stock touched a high of Rs 604.95. The 52-week range stands between Rs 504.00 and Rs 775.00.
Arvind SmartSpaces Q3 Results
For the quarter, revenue declined 20.8% to Rs 166 crore from Rs 210 crore in the same period last year.
EBITDA fell 30.0% to Rs 41.6 crore compared with Rs 59.4 crore a year ago. EBITDA margin contracted 330 basis points to 25.0% from 28.3%, reflecting pressure on operating performance.
Net profit dropped 39.7% to Rs 28.8 crore versus Rs 47.7 crore in the corresponding quarter of the previous fiscal.
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