Shalby shares drop nearly 6% after Q1 profit decline

Shares of Shalby fell nearly six percent after the company’s consolidated net profit for Q1 FY25 dropped over 20 percent to Rs 16.6 crore. In the same period last year, the company recorded a net profit of Rs 20.8 crore.

As of 2:05 PM, Shalby’s shares were down 2.4 percent at Rs 303. Despite this drop, the company’s shares have gained 70 percent in the past year, outperforming the Nifty 50 which gained 25 percent during the same period.

Advertisement

Shalby’s profit decline on an annual basis is due to total expenses for the quarter rising at a faster pace compared to its revenue.