Garware Marine Industries Q1 Results Live : profit rise by 7516% YOY

Garware Marine Industries Q1 Results Live : Garware Marine Industries announced their Q1 results on 06 Aug, 2024, showcasing impressive growth in revenue and profit. The company's topline surged by 104.38% year-over-year, while profits saw a remarkable increase of 7516% over the same period.

The growth trajectory for Garware Marine Industries was strong not just annually, but also sequentially. Compared to the previous quarter, the company's revenue grew by 170.78%, and profit soared by 388.05%.

Furthermore, the operating income witnessed a substantial increase of 449.38% quarter-on-quarter and an impressive 7180.65% year-on-year, reflecting the company's operational efficiency and growth strategies.

Garware Marine Industries reported an earnings per share (EPS) of ₹0.33 for Q1, marking a significant rise of 8150% year-on-year, indicating robust earnings performance during the quarter.

In terms of stock performance, Garware Marine Industries delivered strong returns to its investors, with a 10.31% gain in the last week, 245.36% return over the past 6 months, and an impressive 247.15% year-to-date return, showcasing the company's value creation for shareholders.

As of the latest data, Garware Marine Industries boasts a market capitalization of ₹19.32 Cr, with a 52-week high/low stock price range of ₹33.5 and ₹6.98 respectively, demonstrating the market's confidence in the company's growth prospects.