Indag Rubber has reported 28.50% fall in consolidated net profit to Rs 3.52 crore on a 3.24% fall in revenue from operations to Rs 62.08 crore in Q2 FY25 over Q2 FY24.
On the segmental front, revenue from Precured Tread Rubber and allied products/services was Rs 60.98 crore (down 4.96% YoY) and that from Electronics including green energy storage was Rs 1.10 crore.
Total expenses increased by 2.65% YoY to Rs 62.54 crore in the September24 quarter.
Profit before tax in Q2 FY25 stood at Rs 3.70 crore, down by 33.65% from Rs 5.58 crore in Q2 FY24.
Indag Rubber is one of the biggest players in the US retreading industry. The company provides retreading materials ranging from pre-cured retreaded rubber strips to other retreading accessories like envelopes.
The scrip had advanced 1.10% to end at Rs 184.10 on the BSE on Thursday.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app