India's Sheela Foam falls after Q4 profit drop

Sheela Foam

15/05/2025 08:07

** Shares of Sheela Foam Ltd SHEF.NS fall as much as 2.7% to 645.6 rupees

** Mattresses maker reported a 66.7% y/y fall in Q4 consol net profit to 214.9 mln rupees ($2.5 mln); rev from ops grew 0.5%

** Rev from within India fell 1.3% y/y; total expenses grew 8.3% y/y

** More than 176,000 shares traded as of 12:35 p.m. IST, over their 30-day moving avg of 135,576 shares

** SHEF last down 1.6%, adding to YTD losses of 33.1%

($1 = 85.5750 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))