Results - Announcements
Modi Rubber Ltd share price declined by 4.79% to Rs 114.3 after the company's net profit tanked by 85.65% to Rs 0.61 crore, while revenue from operations remained flat to Rs 0.0 crore in Q2FY27 over Q2FY26.
The market capitalization of Tyres & Rubber Products industry group stocks on BSE stood at Rs 1.63 lakh crore, gaining 7.61%. It has slipped by 0.02% over last one week and eased lower by 3.73% in last one month while the market capitalization of Modi Rubber Ltd has marginally improved by 3.49% and 6.12% in the same period respectively.
Profit before tax (PBT) of Modi Rubber Ltd stood at Rs 0.29 crore in Q2 FY27, tumbling by 93.64% year-on-year, and plunging by 93.61% quarter-on-quarter. EBITDA came in at Rs 8 crore, advancing by 10.36% YoY and nosediving by 21.76% sequentially.
Total expenses grew marginally by 1.76% to Rs 13.84 crore in Q2FY27 over Q2FY26. During the quarter, employee benefits expense was at Rs 4.69 crore, seeing a marginal contraction of 2.70% YoY.
For FY26, revenue from operations rose 11.87% to Rs 4.24 crore, while net profit plunged by 96.87% to Rs 0.64 crore, compared to previous FY. EBITDA saw a sharp decline of 3734% to Rs 40.53 crore, and PBT collapsed by 87.41% to Rs 2.76 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 23.44 crore in FY26, as against Rs 28.92 crore in FY25.
Modi Rubber Ltd slipped 3.46% in last one year, performing in line with the benchmark BSE Sensex which has eased by 3.03% during the same period.