Brainbees Solutions Ltd shares declined more than 7% in morning trade after the company reported its December quarter (Q3) results, reflecting margin pressure and a wider net loss on a year-on-year basis.
The company, which operates the FirstCry brand, posted consolidated revenue of Rs 2,424 crore for Q3, marking an 11.6% increase compared to Rs 2,172 crore in the same quarter last year. Despite the revenue growth, profitability metrics weakened during the period.
EBITDA for the quarter stood at Rs 97 crore, down 10.1% from Rs 108 crore reported a year ago. EBITDA margin contracted by 100 basis points to 4.0%, compared to 5.0% in the corresponding quarter of the previous financial year. The company reported a net loss of Rs 28.4 crore, wider than the loss of Rs 7.8 crore recorded in the year-ago period.
As of 9:45 AM IST, the stock traded near the day’s low of Rs 246.20 after opening at Rs 259.00 against the previous close of Rs 269.80. During the session, the stock touched an intraday high of Rs 261.45. Notably, the day’s low of Rs 246.20 also marks the stock’s 52-week low, while the 52-week high stands at Rs 438.70.
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