Centrum Capital Q1 Results Live: Loss Rises by 84.43% YoY

Centrum Capital Q1 Results Live : Centrum Capital Q1 Results Live: Centrum Capital declared their Q1 results on 14 Aug, 2024. The company reported a substantial increase in its topline, which surged by 73.82% year-over-year (YoY). However, the company's loss also saw a significant rise, increasing by 84.43% YoY. In comparison to the previous quarter, revenue grew by 12.12%, but the loss surged drastically by 5752.7%.

The company's financial statements also revealed an increase in Selling, General & Administrative (SG&A) expenses. These expenses rose by 8.86% quarter-over-quarter (QoQ) and saw a year-over-year increase of 20.49%. This indicates a rising cost structure that the company needs to manage effectively.

Operating income for the quarter was down by 31.45% QoQ but showed a notable increase of 101.12% YoY. The significant YoY increase in operating income is a positive sign, indicating potential improvements in the company's core business operations.

The Earnings Per Share (EPS) for Q1 stood at ₹-0.26, which marks an increase of 70.69% YoY. Despite being in negative territory, the YoY improvement in EPS suggests that the company is making strides towards financial stability.

In terms of stock performance, Centrum Capital has delivered a -4.6% return in the last week, a 1.33% return over the past 6 months, and an impressive 35.22% Year-To-Date (YTD) return. These returns highlight the stock's volatility and potential for long-term gains.

As of the latest update, Centrum Capital has a market capitalization of ₹1532.95 Cr. The stock has a 52-week high of ₹46.5 and a 52-week low of ₹20.4, indicating a wide trading range over the past year.