Linde India Q2 Results: Net profit slides 31% as margins take a hit; revenue up 12%

Industrial gas firm Linde India Ltd on Tuesday (November 3) reported a 30.5% year-on-year (YoY) decline in net profit to ₹119 crore for the second quarter on Tuesday (November 3), compared with ₹171 crore in the corresponding quarter last year.

Revenue increased 12.3% YoY to ₹723 crore from ₹644 crore in the year-ago period.

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However, earnings before interest, tax, depreciation and amortisation (EBITDA) declined 18% to ₹232 crore from ₹282 crore. EBITDA margin contracted to 32% from 44% in the corresponding quarter last year, a decline of 1,200 basis points.

Shares of Linde India Ltd ended at ₹5,838.00, up by ₹76.65, or 1.33%, on the BSE.