Cheviot Co. Shares Plunge 4.2% as Q3 Profit Nosedives 81%

Cheviot Company Ltd (CHVI.NS) shares tumbled 4.2% in early trade following disappointing Q3 FY25 results. The jute products manufacturer reported a steep 81.38% year-on-year decline in net profit to ₹3.44 crore for the quarter ended December 2024. Revenue fell 14.59% to ₹101.82 crore, reflecting challenging market conditions. EBIT margin contracted sharply to 5.81% from 19.18% a year ago. The company's performance was impacted by higher raw material costs and subdued demand. Analysts expect continued pressure on margins in the near term, as the jute industry grapples with supply chain disruptions and inflationary pressures.

 

Sources: Moneycontrol, Economic Times, Screener.in