Electronics Mart shares dropped 8% after the company announced its Q3 results. The company reported mixed financial performance, with revenue growth overshadowed by declining profitability and shrinking margins. As of 2:27 PM, the shares were trading 8.11% lower at Rs 142.74.
The net profit for the quarter stood at ₹31.5 crore, marking a 31% drop from ₹45.7 crore in Q3 FY24. This decline was primarily driven by higher operating expenses and tighter margins, reflecting the challenges posed by rising costs and intense market competition.
Despite the dip in profitability, Electronics Mart recorded a 6.2% revenue increase, reaching ₹1,884.5 crore compared to ₹1,774 crore in the same quarter last year. This growth was fueled by strong demand for electronic products and home appliances. However, operating efficiency remained under pressure, as reflected in the EBITDA figures. The company reported an EBITDA of ₹99 crore, down 14.2% from ₹115.2 crore in the previous year, while the EBITDA margin contracted to 5.2% from 6.5%.
Electronics Mart shares opened at ₹151.25, reaching a high of ₹156.77 and a low of ₹141.37 during the session. The stock remains near its 52-week low of ₹139.70, significantly below its 52-week high of ₹262.00.
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