Shriram Properties’ stock saw a decline of more than 3% in morning trading following the release of its Q2 FY25 results. The company reported a sharp drop in revenue, with revenue from operations falling to ₹140.56 crore, down from ₹206.08 crore in Q2 FY24, reflecting a significant year-over-year decline.
The total income for the quarter stood at ₹155.10 crore, compared to ₹231.24 crore in the same period last year and ₹210.90 crore in Q1 FY25.
The company posted a loss before tax (LBT) of ₹16.18 crore in Q2 FY25, a sharp contrast to the profit before tax of ₹25.81 crore in Q2 FY24.
In addition, Shriram Properties reported a net loss of ₹0.79 crore for the quarter, a significant downturn from the net profit of ₹20.16 crore in the same period last year.
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