Results - Announcements
Harrisons Malayalam Ltd share price ticked higher by 0.58% to Rs 174.0 after the company's net profit tanked by 28.75% to Rs 2.8 crore, while revenue from operations increased sharply by 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, improving 10.64%. It has marginally improved by 2.11% over last one week and retreating 11.67% in last one month while the market capitalization of Harrisons Malayalam Ltd has 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, tanking 56.39% year-on-year, and plunging by 28.75% quarter-on-quarter. EBITDA came in at Rs 2 crore, crashing by 117.46% YoY and falling 13.20% sequentially.
Total expenses witnessed a sharp rise of 25.85% to Rs 152.09 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 35.07 crore, surging by 39.83% YoY, while employee benefits expense was at Rs 56.22 crore, surging 19.95% YoY.
For FY26, revenue from operations grew marginally by 4.90% to Rs 539.08 crore, while net profit saw a strong growth of 95.63% to Rs 29.13 crore, compared to previous FY. EBITDA soared by 1030% to Rs 1.05 crore, and PBT surged 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 declined 5.97% in last one year, significantly underperforming the benchmark BSE Sensex which has softened by 3.42% during the same period.