Shares of Prataap Snacks Limited gained traction, trading 1.48% higher at ₹1,071.00 on the NSE as of 11:18 am following the company’s announcement of its Q2 FY25 financial results. Despite a modest increase in revenue, the snack manufacturer reported a significant decline in net profit year-on-year.
Key Financial Highlights (Q2 FY25 vs Q2 FY24):
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- Revenue from Operations: ₹439 crore, up 1.9% from ₹431 crore in Q2 FY24.
- Total Income: ₹443.6 crore, a 1.9% increase from ₹435.5 crore in the same quarter last year.
- Profit Before Exceptional Item and Tax: ₹2.35 crore, down 89.8% from ₹23.02 crore in Q2 FY24.
- Net Profit: ₹6.15 crore, a 63% decline from ₹16.5 crore in Q2 FY24.
Summary
While Prataap Snacks saw a minor rise in revenue, higher costs and other challenges impacted profitability, resulting in a substantial drop in net profit. Investors showed cautious optimism, leading to a slight uptick in the stock price, reflecting resilience in the company’s revenue growth amidst a challenging quarter.
