Maithan Alloys’ stock surged over 4% in morning trade following the company’s stellar Q2 FY25 performance. The company reported a remarkable 132.24% increase in consolidated net profit, reaching Rs 143.85 crore, compared to Rs 61.94 crore in Q2 FY24.
Revenue from operations rose by 4.63%, totaling Rs 464.22 crore, up from Rs 443.65 crore in the same period last year. The profit before tax (PBT) saw an impressive 151.01% jump, reaching Rs 217.45 crore.
Total expenses increased by 2.25% to Rs 425.97 crore, while the cost of raw materials dropped by 27.94%, contributing to the strong financial results. However, employee benefit expenses rose by 15.27% to Rs 12.53 crore.
As of 10:42 am, Maithan Alloys shares were trading 4.04% higher at Rs 1,096.20 on the NSE.
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