Finolex Industries saw its shares drop over 4% in morning trade after reporting weak Q2 FY25 earnings.
The company’s revenue from operations declined to ₹828.43 crore, down 27.4% QoQ and 6.2% YoY. The sharp fall in net profit to ₹40.67 crore represents a 91.9% QoQ decline and a 58.5% YoY drop.
Following the results, the stock hit a low of ₹275.75. Investors remain cautious as the company grapples with declining financial performance. Finolex’s stock is trading below its 52-week high of ₹355.90 and above its 52-week low of ₹185.80.
As of 10:29 am, Finolex Industries shares were trading 4.46% lower at Rs 287.25 on the NSE.
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