Finkurve Financial Services Q1 Results Live: Profit Rise by 130.47% YoY

Finkurve Financial Services Q1 Results Live : Finkurve Financial Services declared their Q1 results on 14 Aug, 2024, showcasing a remarkable performance in the first quarter of the financial year. The company's topline surged by 42.13% year-over-year (YoY) while profits saw an astounding increase of 130.47% YoY.

Comparing these results to the previous quarter, Finkurve's revenue grew by 21.72%. However, despite the revenue growth, the profit decreased by 10.34% quarter-over-quarter (QoQ). This indicates a mixed performance on a sequential basis.

The company's Selling, General & Administrative (SG&A) expenses rose significantly by 26.66% QoQ and saw a substantial increase of 47% YoY. These rising expenses have had a noticeable impact on the operating income.

Operating income for Finkurve Financial Services was down by 20.28% QoQ but showed a strong improvement with a 128.27% increase YoY. This indicates that while there were short-term challenges, the company has made significant strides compared to the previous year.

The Earnings Per Share (EPS) for Q1 stood at ₹0.65, reflecting an impressive increase of 114.28% YoY. This metric indicates the company's improved profitability and is a positive sign for shareholders.

Despite the strong quarterly results, Finkurve Financial Services has delivered a -5.54% return in the last week. However, the longer-term performance remains robust with a 36.32% return over the last 6 months and a 23.1% Year-To-Date (YTD) return.

Currently, Finkurve Financial Services boasts a market capitalization of ₹1037.07 crore. The company's 52-week high is ₹98, while the 52-week low stands at ₹46.6. These figures highlight the stock's volatility and potential for growth.