The shares of Thomas Prepare dinner Ltd crashed 12% on Tuesday 4 February after the corporate introduced its quarterly earnings for October-December.
The corporate reported a pointy decline of just about 40% in its Q3 web revenue to Rs 49.58 crore, down from Rs 82.39 crore in the identical quarter the earlier 12 months, despite the fact that gross sales had elevated. Increased gross sales didn’t translate into proportionate profitability consequently, both due to weaker margins or larger bills.
Within the quarter ending in December 2024, Thomas Prepare dinner’s consolidated statistics confirmed that gross sales climbed 8.87% to Rs 2,061.01 crore, up from Rs 1,893.13 crore in the identical quarter the earlier 12 months (December 2023).
In a separate alternate submitting, Thomas Prepare dinner India stated that Madhavan Menon, its chair, had been promoted to the place of non-executive chairman of the board. He will likely be leaving his present position on June 1st, the journey enterprise stated in its disclosures to the BSE on Monday.
Menon was reappointed as the corporate’s government chairman in July 2023 for a five-year time period. However the board modified his title to non-executive chairman after he requested for it.
At 2:20 pm, the shares of Thomas Prepare dinner have been buying and selling 12.10% decrease at 143.76 on NSE.
