India's Electronics Mart slips on Q3 profit drop

Electronics Mart India

13/02/2025 06:46

** Electronics Mart  ELEO.NS  slips 2.3% to 129.7 rupees;
set for fifth straight session of declines
    ** Electronics retailer posts 31% y/y fall in Q3 consol net
profit; rev from ops up 6% y/y
    ** Co hurt by ~8% y/y growth in total expenses, which
outpaced rev growth
    ** Says rev from Hyderabad declined on muted demand, tighter
credit conditions, slowdown in real estate sector, rising
inflation
    ** ELEO loses ~21% YTD

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))