Veedol Corporation Ltd. reported a slight decline in revenue and net profit for Q2 FY25, causing a drop of over 3% in its stock price. The company’s net profit fell 2% YoY to ₹34.60 crore, down from ₹35.24 crore in Q2 FY24, and 7% QoQ from ₹37.11 crore in Q1 FY25.
Revenue from operations decreased by 1% YoY, totaling ₹476.22 crore, compared to ₹478.87 crore last year. On a QoQ basis, revenue also saw a minor drop of 0.6%.
For the half-year period ending September 30, 2024, Veedol’s cumulative revenue increased slightly to ₹955.09 crore, while net profit grew by 8%, reaching ₹71.71 crore.
Q2 FY25 Financial Highlights:
- Revenue: ₹476.22 crore (-1% YoY, -0.6% QoQ)
- Net Profit: ₹34.60 crore (-2% YoY, -7% QoQ)
As of 10:09 am, Veedol Corporation shares were trading 3.02% lower at Rs 1,797.40 on the NSE.
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