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Q2FY25 Results Update: Sula Vineyards Ltd https://t.co/zxOxKV7TIA
#MarketsWithBS | Winemaker #SulaVineyards share price slipped as much as 7.44% to hit a fresh 52-week low of Rs 385.35 per share on Wednesday. #markets #sharemarket #StockMarket #buzzingstocks https://t.co/VIAAa7BBuW
#MarketsWithBS | #GlobusSpirits shares declined 3.4% and registered an intraday low of Rs 899.85 per share on #BSE. The declined over 15% in two days after the company reported an 89% drop in consolidated profit for #Q2FY25 #markets #sharemarket https://t.co/kcvm5SyoLT
Sula Vineyards reported a significant decline in its financial performance for the second quarter of FY25. The company's net profit fell by 37.2% to ₹14.5 crore, down from ₹23 crore in the same period last year. Revenue also decreased by 1% to ₹132.4 crore compared to ₹133.7 crore year-over-year. Additionally, EBITDA dropped by 23.8% to ₹33.6 crore from ₹44.1 crore, resulting in a margin of 25.4%, down from 33% year-over-year. Following the announcement, Sula Vineyards' share price fell by as much as 7.44%, reaching a new 52-week low of ₹385.35 per share.