BGR Energy Systems Q3 FY24 Results Live: Loss Rises by 1071.61% YoY

BGR Energy Systems, a leading company in the energy sector, has announced its Q3 FY24 results on 14th February 2024. The company reported a significant increase in revenue, with a growth rate of 87.74% compared to the same period last year.

However, the company also experienced a substantial increase in losses, which rose by 1071.61% year-on-year (YoY). This is a concerning trend for the company and its shareholders.

In comparison to the previous quarter, BGR Energy Systems saw even higher revenue growth, with a growth rate of 96.46%. Unfortunately, the losses also increased significantly by 545.69% compared to the previous quarter.

One positive aspect for the company is the decline in Selling, General & Administrative (SG&A) expenses. These expenses decreased by 4.86% quarter-on-quarter (QoQ) and 12.49% year-on-year (YoY). This reduction in expenses could help improve the company's financial performance in the future.

On the other hand, the operating income of BGR Energy Systems witnessed a sharp decline. It was down by 1327.13% QoQ and decreased by 4578% YoY. This is a major concern for the company as it indicates a significant deterioration in its operational efficiency.

The company's earnings per share (EPS) for Q3 FY24 is ₹-95.66, which represents a decrease of 1072.3% YoY. This decline in EPS further highlights the challenging financial situation faced by BGR Energy Systems.

In terms of stock performance, BGR Energy Systems has delivered a negative return of -17.7% in the last 1 week, indicating a decline in investor confidence. However, the company has shown a positive return of 53.16% in the last 6 months. On a year-to-date (YTD) basis, the return stands at -5.3%.

Currently, BGR Energy Systems has a market capitalization of ₹664.25 Cr. The company's 52-week high and low are ₹119.25 and ₹44.25 respectively. These figures provide an insight into the company's market value and its stock price movements over the past year.