Shalby shares witnessed a decline of over 2% in early trading after the company reported its Q1 results, reflecting a mixed performance in the first quarter of the year. As of 10:11 AM, the shares were trading 1.43% lower at Rs 205.38.
The company posted a modest 6.3% year-on-year growth in consolidated revenue, which rose to Rs 296 crore from Rs 279 crore in the same period last year. However, this revenue growth was overshadowed by a decline in profitability, as the company’s EBITDA fell by 8% to Rs 41.5 crore compared with Rs 45.1 crore in the previous year, leading to a contraction in EBITDA margin to 14% from 16.2%.
Net profit saw a sharp drop of 43%, coming in at Rs 8.9 crore versus Rs 15.7 crore in Q1 last year.
In terms of trading performance, Shalby shares opened at Rs 200.02 and touched an intraday high of Rs 207.00, while the day’s low was Rs 200.02. Over the past 52 weeks, the stock has traded between a low of Rs 177.25 and a high of Rs 297.90.
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