Fervent Synergies Q1 Results Live: Profit Falls by 28.27% YOY
Fervent Synergies Q1 Results Live: Revenue increased by 8.35% YoY & profit decreased by 28.27% YoY
Fervent Synergies Q1 Results Live : Fervent Synergies Q1 Results Live: Fervent Synergies declared their Q1 results on 08 Aug, 2024. The topline increased by 8.35% year-over-year (YoY), while the profit decreased by 28.27% YoY. As compared to the previous quarter, the revenue declined by 97.7% and the profit increased by 100.54%.
The company's Selling, General & Administrative (SG&A) expenses declined by 5.48% quarter-over-quarter (q-o-q) and increased by 6.93% YoY. This indicates a reduction in operational costs in the short term, though a slight increase over the past year.
Operating income showed a significant increase of 100.52% q-o-q but decreased by 47.46% YoY. This mixed performance highlights the company's ongoing efforts to manage operational efficiency and profitability.
Earnings per share (EPS) for Q1 stood at ₹0.02, a decrease of 33.33% YoY. This drop in EPS is reflective of the overall decline in profitability for the quarter.
Despite the mixed financial performance, Fervent Synergies has delivered a 17.07% return in the last week. However, it has seen a -8.3% return over the last six months and a -5.96% year-to-date (YTD) return.
Currently, Fervent Synergies has a market capitalization of ₹62.97 Cr. The company’s stock has a 52-week high of ₹27.79 and a low of ₹14.6, indicating a significant range of volatility over the past year.
Fervent Synergies Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 0.34 | 14.85 | -97.7% | 0.32 | +8.35% |
| Selling/ General/ Admin Expenses Total | 0.1 | 0.11 | -5.48% | 0.1 | +6.93% |
| Depreciation/ Amortization | 0.01 | 0.01 | +2.06% | 0.01 | -1% |
| Total Operating Expense | 0.27 | 28.41 | -99.05% | 0.18 | +49.67% |
| Operating Income | 0.07 | -13.56 | +100.52% | 0.13 | -47.46% |
| Net Income Before Taxes | 0.07 | -13.6 | +100.52% | 0.13 | -47.46% |
| Net Income | 0.07 | -13.41 | +100.54% | 0.1 | -28.27% |
| Diluted Normalized EPS | 0.02 | -4.47 | +100.45% | 0.03 | -33.33% |
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