Shalby tumbles after Q3 PAT drops 31% due to higher taxes
Shalby tumbled 5.70% to Rs 123.35 after the company's consolidated net profit declined by 31.25% to Rs 16.82 crore on a 13.99% rise in revenue from operations to Rs 131.79 crore in Q3 FY21 over Q3 FY20. Profit before tax in Q3 December 2020 stood at Rs 22.85 crore, up by 4.49% from Rs 21.87 crore in Q3 December 2019. Current tax expenses during the quarter surged 145.16% year-on-year (YoY) to Rs 4.09 crore. On a standalone basis, Shalby reported 97.2% jump in net profit to Rs 16.3 crore on a 7.1% rise in revenue from operations to Rs 129.3 crore in Q3 FY21 over Q3 FY20. EBITDA rose 32.9% to R...
Source: business-standard.com