SAFFRON INDUSTRIES Q2 : STANDALONE NET PROFIT DOWN 75.3% AT ₹5.88 L (YOY), DOWN 51.3% (QOQ). WEAK (ON 1ST LOOK)

Revenue up 8.6% at ₹88.02 L (YOY), down 17.5% (QOQ). Profit before tax down 75.3% at ₹5.88 L (YOY), down 51.3% (QOQ); no tax charge in the quarter. PBT margin 6.7% v 29.3% (YOY), 11.3% (QOQ). Real estate segment revenue ₹87.65 L; paper manufacturing segment revenue nil (₹0.37 L in prior quarter). Caution: company states paper manufacturing business has been discontinued and previous year figures regrouped.

Saffron Industries Ltd

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