Results - Announcements
Harrisons Malayalam Ltd share price gained 0.58% to Rs 174.0 after the company's net profit plunged by 28.75% to Rs 2.8 crore, while revenue from operations gained significantly 24.30% to Rs 155.28 crore in Q2FY27 over Q2FY26.
The market capitalization of Rubber industry group stocks on BSE stood at Rs 10145.68 crore, climbing 10.64%. It has improved by 2.11% over last one week and fell by 11.67% in last one month while the market capitalization of Harrisons Malayalam Ltd has marginally improved by 2.87% and 12.47% in the same period respectively.
Profit before tax (PBT) of Harrisons Malayalam Ltd stood at Rs 2.8 crore in Q2 FY27, tumbling by 56.39% year-on-year, and crashing by 28.75% quarter-on-quarter. EBITDA came in at Rs 2 crore, plunging by 117.46% YoY and retreating 13.20% sequentially.
Total expenses jumped by 25.85% to Rs 152.09 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 35.07 crore, witnessing a sharp rise of 39.83% YoY, while employee benefits expense was at Rs 56.22 crore, witnessing a strong rise of 19.95% YoY.
For FY26, revenue from operations inched higher 4.90% to Rs 539.08 crore, while net profit surged by 95.63% to Rs 29.13 crore, compared to previous FY. EBITDA witnessed a strong improvement of 1030% to Rs 1.05 crore, and PBT soared 95.63% to Rs 29.13 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 25.37 crore in FY26, as against Rs 23.35 crore in FY25.
Harrisons Malayalam Ltd nosedived by 8.20% in last one year, underperforming the benchmark BSE Sensex which has softened by 3.03% during the same period.