Anik Industries Q3 FY24 results: profit at ₹0.29Cr, Revenue decreased by 47.12% YoY
Anik Industries Q3 FY24 results: Revenue decreased by 47.12% YoY & profit at ₹0.29Cr
Anik Industries declared their Q3 FY24 results on 14 Feb, 2024. The topline decreased by 47.12% & the profit came at ₹0.29cr. It is noteworthy that Anik Industries had declared a loss of ₹0.71cr in the previous fiscal year same period. As compared to the previous quarter, the revenue declined by 23.74%.
The Selling, general & administrative expenses rose by 0.58% q-o-q & decreased by 19.54% Y-o-Y.
The operating income was up by 74.04% q-o-q & decreased by 115.75% Y-o-Y.
The EPS is ₹0.1 for Q3 FY24 which increased by 140% Y-o-Y.
Anik Industries has delivered -9.24% return in the last 1 week, 37.69% return in the last 6 months, and 2.64% YTD return.
Currently, Anik Industries has a market cap of ₹140.43 Cr and a 52wk high/low of ₹65.3 & ₹26.6 respectively.
Anik Industries Financials
| Period | Q3 FY24 | Q2 FY24 | Q-o-Q Growth | Q3 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 11.35 | 14.88 | -23.74% | 21.45 | -47.12% |
| Selling/ General/ Admin Expenses Total | 0.66 | 0.66 | +0.58% | 0.82 | -19.54% |
| Depreciation/ Amortization | 0.14 | 0.14 | +0.07% | 0.16 | -8.15% |
| Total Operating Expense | 11.51 | 15.52 | -25.84% | 20.39 | -43.53% |
| Operating Income | -0.17 | -0.65 | +74.04% | 1.07 | -115.75% |
| Net Income Before Taxes | 0.28 | -0.57 | +147.95% | 0.87 | -68.35% |
| Net Income | 0.29 | -0.48 | +159.64% | -0.71 | +140.68% |
| Diluted Normalized EPS | 0.1 | -0.17 | +158.82% | -0.25 | +140% |
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