Rupa & Company tanks 20% after disappointing Q4 performance, CEO's exit

The company's consolidated profit after tax (PAT) declined 25 per cent year on year (YoY) at Rs 49.3 crore, on the back of flat revenues at Rs 455.5 crore over the previous year quarter.

Shares of Rupa & Company tanked 20 per cent to Rs 414 on the BSE in Tuesday’s trade after the company reported a disappointing operational performance in March quarter (Q4FY22), due to higher raw material cost.

With today’s fall, the stock of the garment & apparels manufacturer has corrected 29 per cent from its 52-week high level of Rs 585 touched on May 4, 2022.

At 11:10 am; it was trading 17 per cent lower at Rs 427, as compared to a 0.17 per cent decline in the S&P BSE Sensex.The trading volumes on the counter jumped four-fold