IFGL Refractories reported a decline in its Q2 FY25 financial performance, which has triggered a sharp sell-off in its stock, down 7.59% at ₹546.00 on NSE as of 12:32 pm. The company saw a substantial drop in revenue, profit, and EBITDA, reflecting the challenging market conditions and operational hurdles it currently faces.
Key Financial Highlights for Q2 FY25 (₹ in Crores)
- Net Sales: ₹411.12 crore, down 9.75% YoY from ₹455.52 crore in Q2 FY24.
- Net Profit: ₹12.08 crore, a sharp decline of 68.21% from ₹38.00 crore in Q2 FY24.
- EBITDA: ₹36.52 crore, down 49.08% from ₹71.72 crore in Q2 FY24.
- Earnings Per Share (EPS): ₹3.35, down from ₹10.55 in Q2 FY24.
Performance Overview
The company’s weak performance in Q2 has led to a decline in its EPS and EBITDA, indicating operational difficulties that have impacted profitability. This dip in financial performance also affected the stock’s returns, with IFGL Refractories showing a -10.92% return over the past six months and a -2.82% return over the last year.
The disappointing Q2 results have raised concerns among investors, and the company’s ability to navigate these challenges in the upcoming quarters will be crucial for stabilizing its stock performance.
