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CNBC TV18

Safari Industries shares drop nearly 4% on Aug. 4 after Q1 profit falls 5.4% and margins narrow

Safari Industries (India) Ltd. reported June-quarter results showing revenue rose 11.5% year on year to ₹588.6 crore, while net profit fell 5.4% to ₹47.8 crore. EBITDA declined 4.9% to ₹75.4 crore and the EBITDA margin narrowed to 12.8% from 15%. Following the earnings release, the stock fell about 4% on Aug. 4 as investors weighed weaker profitability and margin compression.
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