DHP India Q1 Results Live : Profit Falls by 85.1% YOY

DHP India Q1 Results Live : DHP India declared their Q1 results on 13 Aug, 2024, revealing a significant downturn in both revenue and profit figures. The company's revenue saw a decline of 23.06% year-on-year, while the profit plummeted by a staggering 85.1% compared to the same period last year.

Analyzing the quarter-on-quarter performance, the revenue dipped by 20.88%, and the profit decreased by 53.54%. This sequential decline highlights ongoing challenges for the company in maintaining its financial health.

The company's Selling, General & Administrative (SG&A) expenses saw a mixed trend. While there was an 11.27% decline quarter-on-quarter, these expenses surged by 10.22% year-on-year, reflecting increased costs compared to the previous year.

Operating income also took a hit, dropping by 54.01% on a quarter-on-quarter basis and decreasing by 70.23% year-on-year. This steep decline underscores the difficulties DHP India is facing in its core operations.

Earnings Per Share (EPS) for Q1 stood at ₹2.06, marking an 85.09% year-on-year decrease. This sharp fall in EPS indicates reduced profitability for shareholders.

In terms of stock performance, DHP India has delivered a return of -3.89% in the last week, -11.7% in the last six months, and a year-to-date return of -16.5%. These negative returns reflect market sentiment and investor concerns.

Currently, DHP India has a market capitalization of ₹198.47 crore. The stock has a 52-week high of ₹994 and a low of ₹627.5, indicating significant volatility over the past year.