Huhtamaki India shares plunged 7% following its Q3 earnings report, which revealed a sharp decline in profitability despite modest revenue growth. Despite a 2.5% rise in revenue to ₹619.11 crore from ₹603.73 crore year-over-year, the company’s profitability took a significant downturn.
EBITDA plummeted by 55% to ₹26.24 crore from ₹57.72 crore, leading to a drop in the EBITDA margin to 4.2% from 9.6%. Net profit suffered a staggering 96% decline, coming in at ₹11.69 crore compared to ₹327.42 crore in the same quarter last year. The sharp fall in margins and profits indicates cost pressures and operational challenges impacting the company’s bottom line.
Huhtamaki India shares opened at ₹210.80, reaching a high of ₹213.00 and a low of ₹197.63. The stock hit its 52-week low today at ₹197.63, while its 52-week high stands at ₹451.85. As of 9:46 AM, the shares were trading 7.52% lower at Rs 198.97.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
