Shares of Jyothi Labs dropped over 4% after releasing its Q2 FY25 financial results. Despite a modest Year-over-Year (YoY) revenue growth of 0.19%, reaching ₹733.76 crore compared to ₹732.34 crore in Q2 FY24, the market reacted negatively.
The company reported a slight increase in net profit, up to ₹105.02 crore from ₹103.98 crore in Q2 FY24, which didn’t significantly boost investor confidence.
On a Quarter-over-Quarter (QoQ) basis, revenue showed a minor decline of 0.55% from ₹741.81 crore in Q1 FY25, reflecting slight operational pressure.
As of 2:20 pm, Jyothi Labs shares were trading 4.71% lower at Rs 455.10 on the NSE.
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