STUDDS Q2 : CONS NET PROFIT DOWN 28.5% AT ₹14.74 CR (YOY), UP 19.9% (QOQ). MIX (On 1st Look)

Revenue up 18.6% at ₹183.11 Cr (YOY), up 7.9% (QOQ). PBT down 25.0% at ₹20.41 Cr (YOY), up 18.7% (QOQ). Cost of material consumed up 27.0% at ₹83.84 Cr (YOY); other expenses up 28.0% at ₹57.00 Cr (YOY). Italy arm SMK Helmets Europe posted a quarterly loss of ₹0.97 Cr; Bikerz US posted profit of ₹0.49 Cr. Board approved grant of 1.30 lakh ESOPs at ₹334.90 each, a 15% discount to NSE close of ₹394 on October 30.

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