Shalby shares drop 4% as EBITDA falls 20.1% YoY in Q3

Shalby Ltd. saw a 4% decline in its stock price following the release of its Q3 results. AS of 10:53 AM, the shares were trading 4.57% lower at Rs 208.81.

The company reported a revenue growth of 27.6%, reaching Rs 276 crore, compared to Rs 216 crore in the previous year.

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Despite the revenue increase, Shalby’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) dropped by 20.1%, standing at Rs 34 crore, down from Rs 42 crore in Q3 last year. This led to a decline in EBITDA margin to 12.3%, down from 19.6% in the same quarter of the previous year.

The most concerning figure was Shalby’s net loss of Rs 1.8 crore, reversing a profit of Rs 19 crore in Q3 FY24.

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