Shalby shares end lower after December quarter margins decline

Multispeciality hospitality chain Shalby Ltd.'s shares declined by more than 3 percent on Wednesday after the company reported a mixed financial performance for the December quarter.

The hospital chain reported a net profit of Rs 15.3 crore for the December quarter, which was higher by 18 percent compared to Rs 12.94 crore in the year-ago period but down quarter-on-quarter by 17 percent from Rs 18.4 crore in the September quarter.

Revenue increased by 25 percent to Rs 202.5 crore in comparison to Rs 162.4 crore in the year-ago period. EBITDA also increased by 12 percent to Rs 31.5 crore compared to Rs 28.2 crore in the year-ago period.