SHREM INVIT Reports 45.83% Decline in Q3 Consolidated Net Profit
SHREM INVIT reported disappointing Q3 financial results with consolidated net profit declining 45.83% to ₹1.30 billion from ₹2.40 billion year-on-year. Revenue also contracted by 21.77% to ₹2.30 billion compared to ₹2.94 billion in the previous year's corresponding quarter. The infrastructure investment trust faced significant headwinds during the reporting period, with both top-line and bottom-line metrics showing substantial year-on-year declines.
*this image is generated using AI for illustrative purposes only.
Shrem infrastructure Investment Trust (SHREM INVIT) has reported its Q3 financial results, showing a notable decline in key financial metrics compared to the same period in the previous year. The infrastructure investment trust faced headwinds during the quarter, with both revenue and profitability experiencing significant contractions.
Financial Performance Overview
The company's financial performance for Q3 reflected challenging market conditions, with consolidated figures showing substantial year-on-year declines across major parameters.
| Financial Metric | Q3 Current Year | Q3 Previous Year | Change |
|---|---|---|---|
| Consolidated Net Profit | ₹1.30 billion | ₹2.40 billion | -45.83% |
| Revenue | ₹2.30 billion | ₹2.94 billion | -21.77% |
Revenue Analysis
SHREM INVIT's revenue performance during Q3 showed a decline to ₹2.30 billion compared to ₹2.94 billion in the corresponding quarter of the previous year. This represents a decrease of ₹640 million year-on-year, indicating reduced income generation during the reporting period.
Profitability Impact
The consolidated net profit figures revealed a more pronounced impact, with earnings falling to ₹1.30 billion from ₹2.40 billion in the previous year's Q3. This decline of ₹1.10 billion demonstrates the significant pressure on the company's bottom line during the quarter.
Investment Trust Performance
As an infrastructure investment trust, SHREM INVIT's performance metrics are closely watched by investors seeking exposure to infrastructure assets. The Q3 results highlight the challenges faced by the trust in maintaining previous year's performance levels, with both operational revenue and net profitability showing substantial contractions during the reporting period.
Historical Stock Returns for Shrem Infrastructure
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +0.99% | 0.0% | -3.77% | -9.33% | +2.00% |
16
