AI Champdany Industries Q1 Results Live: Loss Rise by 109.79% YoY
AI Champdany Industries Q1 Results Live: Revenue increased by 39.76% YoY & loss increased by 109.79% YoY
AI Champdany Industries Q1 Results Live : AI Champdany Industries declared their Q1 results on 14 Aug, 2024. The topline of the company saw a significant increase of 39.76% year-over-year (YoY), indicating strong revenue growth. However, this positive performance was overshadowed by a substantial rise in losses, which increased by 109.79% YoY.
Comparatively, the company's quarterly performance showed a mixed bag of results. Revenue for the quarter grew by 16.75% compared to the previous quarter, showcasing a steady upward trend. On the brighter side, the loss decreased by 74.29% quarter-over-quarter (QoQ), indicating some cost management improvements.
The financial burden on the company has been evident through the rise in Selling, General & Administrative (SG&A) expenses. These expenses surged by 79.24% QoQ and saw an even more dramatic increase of 155.16% YoY.
Operating income showed a notable rise of 79.46% QoQ, but unfortunately, it decreased sharply by 96.43% YoY. This indicates that while there have been short-term improvements, the company still faces long-term profitability challenges.
The Earnings Per Share (EPS) for Q1 stood at ₹-3.44, reflecting a decrease of 108.48% YoY. This further emphasizes the financial difficulties the company is grappling with.
Despite the financial turbulence, AI Champdany Industries has managed to deliver a return of 4.23% over the last week and 15.24% over the last six months. However, the year-to-date (YTD) return stands at -5.9%, showing a dip in investor confidence.
Currently, AI Champdany Industries has a market capitalization of ₹172.2 Cr. The company's stock has seen a 52-week high of ₹70.5 and a low of ₹34.4, demonstrating significant volatility in its market performance.
AI Champdany Industries Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 10.71 | 9.17 | +16.75% | 7.66 | +39.76% |
| Selling/ General/ Admin Expenses Total | 9.65 | 5.39 | +79.24% | 3.78 | +155.16% |
| Total Operating Expense | 19.92 | 54.02 | -63.13% | 12.35 | +61.28% |
| Operating Income | -9.21 | -44.85 | +79.46% | -4.69 | -96.43% |
| Net Income Before Taxes | -9.69 | -45.06 | +78.5% | -1.32 | -632.4% |
| Net Income | -10.55 | -41.05 | +74.29% | -5.03 | -109.79% |
| Diluted Normalized EPS | -3.44 | -13.36 | +74.25% | -1.65 | -108.48% |
Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.