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Seshasayee Paper's profit fell 21.3% YoY amid declining revenue and EBITDA, with shares down 18% year-to-date.
Seshasayee Paper and Boards Ltd reported a 21.3% year-on-year drop in second-quarter net profit to Rs 22.4 crore, with revenue falling 13.1% to Rs 346.3 crore and EBITDA down 14.4% to Rs 26.3 crore.
The company invested Rs 26 crore in a special purpose vehicle to acquire a 26.1% stake, per its investment agreement.
Despite a slight stock gain Friday, the share price has declined over 18% year-to-date and 14% over the past year.
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El beneficio de Seshasayee Paper cayó un 21,3% interanual en medio de una disminución de los ingresos y el EBITDA, y las acciones cayeron un 18% desde el año anterior.