According to reports from CNBC TV18, Linde India Ltd reported a 30.5% year-on-year decline in net profit to ₹119 crore for the second quarter, compared with ₹171 crore in the corresponding quarter last year. Despite the profit decline, the industrial gas company achieved revenue growth of 12.3% YoY to ₹723 crore from ₹644 crore in the year-ago period. The company's EBITDA declined 18% to ₹232 crore from ₹282 crore, while EBITDA margin contracted significantly to 32% from 44% in the corresponding quarter last year, representing a decline of 1,200 basis points.
As reported by CNBC TV18, shares of Linde India Ltd ended at ₹5,838.00, up by ₹76.65, or 1.33% on the BSE following the results announcement. The positive market response suggests investor confidence despite the challenging quarterly performance, with the stock showing resilience in the aftermath of the earnings release.
According to CNBC TV18 reports, the sharp profit contraction was attributed to soaring operational costs that squeezed margins significantly for the industrial gas major. The substantial decline in EBITDA margins from 44% to 32% indicates that higher revenue growth failed to offset the impact of increased operational expenses, resulting in compressed profitability despite the company's ability to maintain revenue momentum.
