Visaka Industries Q1 Results Live: Witness a 16.64% YoY Profit Drop📉
Hey guys, exciting news! Visaka Industries just unveiled their Q1 results on 12th Aug, 2024 🎉. The company’s revenue went up by 2.12% YoY, but unfortunately, their profit took a hit with a 16.64% YoY decrease 😔.
Now here’s the kicker – compared to the previous quarter, Visaka Industries saw a whopping 15.56% revenue growth and a jaw-dropping 769.16% profit surge 🚀. Impressive, right?
When it comes to expenses, the Selling, General & Administrative costs went up by 11.41% QoQ but decreased by 8.79% YoY. This shows that the company’s operational costs have increased in the recent quarter, but overall, they’ve managed to cut down compared to the same time last year.
Here’s some good news – Visaka Industries’ operating income shot up by a massive 202.13% QoQ and showed a 2.16% increase YoY 📈. Looks like they’re really stepping up their game when it comes to efficiency and core business income!
But wait, there’s more. The company’s Earnings Per Share (EPS) for Q1 was ₹1.15, marking a 16.67% YoY decrease. This aligns with the overall profit dip, highlighting the challenges they’re facing in staying profitable.
When it comes to stocks, Visaka Industries has delivered a solid 10.15% return in the past week. However, there’s been some volatility with a -18.35% return over the last six months. But hey, there’s a silver lining – a 33.61% YTD return showing long-term investor confidence 💰.
And here’s a fun fact – Visaka Industries currently has a market capitalization of ₹996.85 crore. Their 52-week high is ₹177.95, while the low is ₹80.5. Talk about some major stock price swings over the past year!
Excited to dive deeper into their financials? Check out the numbers below:
Total Revenue: ₹457.66 crore
Selling/General/Admin Expenses: ₹33.68 crore
Depreciation/Amortization: ₹16.35 crore
Operating Income: ₹23.03 crore
Net Income Before Taxes: ₹13.71 crore
Net Income: ₹9.96 crore
Diluted Normalized EPS: ₹1.15
Stay tuned for more quarterly results with our results calendar! 💼✨
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