Cello World’s stock slipped more than 2% after the company reported its Q3 financial results. While revenue showed steady growth, profit margins faced pressure. As of 10:04 AM, the shares were trading 2.85% lower at Rs 602.10.
On a standalone basis, revenue rose 5.7% YoY to ₹5,568.50 crore, compared to ₹5,270.55 crore in the same period last year. However, EBITDA declined by 3% to ₹1,277.96 crore, with margins contracting from 25.1% to 22.9%. The company also reported a net loss of ₹1.19 crore, widening from ₹0.72 crore in Q3FY23.
Cello World shares opened today at ₹605, hitting a high of ₹616.20 before dropping to a 52-week low of ₹602.00. The stock remains significantly below its 52-week high of ₹1,025.00.
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