KIOCL shares dropped over 2% following weak Q3 earnings, reflecting a significant downturn in financial performance. As of 10:03 AM, the shares were trading 2.45% higher at Rs 272.85.
The company’s standalone revenue saw a sharp decline of 67.2%, falling to Rs 181 crore from Rs 549 crore year-on-year. Operational performance also took a hit, with an EBITDA loss of Rs 43.5 crore compared to a profit of Rs 36.2 crore in the same period last year.
The company reported a net loss of Rs 47.79 crore, a stark contrast to the Rs 39.03 crore profit posted in the previous year’s Q3. The weak earnings were primarily driven by lower revenues and rising operational costs, impacting overall profitability.
KIOCL shares opened at ₹272.05 and reached a high of ₹279.90 before dipping to ₹265.00, its new 52-week low. The stock remains volatile, with its 52-week high at ₹577.35.
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