Enkei Wheels India Q1 results : profit at ₹8.87Cr, Revenue increased by 67.34% YoY

Enkei Wheels India Q1 Results Live : Enkei Wheels India announced its Q1 results on 25 Apr, 2024, showcasing a remarkable performance. The company reported a significant increase in revenue by 67.34% Year-on-Year, reaching ₹8.87 crore in profit.

It is impressive to note that Enkei Wheels India managed to turn around its performance from a loss of ₹4.4 crore in the same period last fiscal year. The revenue growth of 10.67% compared to the previous quarter indicates a positive trend for the company.

The company experienced a rise in Selling, general & administrative expenses by 9.91% quarter-on-quarter and a 12.16% increase year-on-year. However, the operating income saw a substantial growth of 198.22% sequentially and 280.28% compared to the previous year.

Earnings per share (EPS) for Q1 stood at ₹4.93, marking a notable increase of 301.22% year-on-year, reflecting the company's profitability and potential for growth.

Enkei Wheels India also demonstrated strong returns for its investors, with a 24.61% return in the last week, 17.3% return in the last 6 months, and a 19.8% Year-to-Date return.

Currently, Enkei Wheels India boasts a market capitalization of ₹1254.29 crore, with a 52-week high/low of ₹760 and ₹441 respectively, showcasing stability and growth potential in the market.