Shares of Anup Engineering Ltd. declined as much as 7% on Friday, November 6, after the company reported a weak set of results for the September quarter (Q2FY27), with a sharp decline in revenue and profitability.
The company reported a 21.5% year-on-year fall in revenue to ₹182.4 crore from ₹232.3 crore in the corresponding quarter last year.
Net profit declined 79.4% to ₹6.6 crore from ₹32 crore a year ago.
Operating performance also remained under pressure. Earnings before interest, taxes, depreciation and amortisation (EBITDA) fell 66.1% year-on-year to ₹17.4 crore from ₹51.4 crore.
The EBITDA margin contracted sharply to 9.5% from 22% in the year-ago period.
Anup Engineering Q2 Results: Shares fall 7% after profit plunges 79%, revenue declines 22%