Gian Life Care Q1 Results Live: Profit Falls by 64.9% YOY

Gian Life Care Q1 Results Live : Gian Life Care has announced its Q1 results on 14 August, 2024, revealing a significant decline in both revenue and profit. The company's topline has decreased by 18.38% year-over-year, while the profit has plunged by 64.9% during the same period. Compared to the previous quarter, the revenue saw a steep decline of 56.94%, and the profit plummeted by an alarming 95.69%.

The company has made notable strides in managing its expenses. The Selling, General, and Administrative (SG&A) expenses have declined by 41.16% quarter-over-quarter and decreased by 28.35% year-over-year. This reduction in expenses, however, was not enough to offset the significant drop in revenue and profit.

Operating income also took a hit, falling by 96.48% quarter-over-quarter and decreasing by 72.94% year-over-year. The Earnings Per Share (EPS) for Q1 stands at ₹0.09, reflecting a 64% decrease year-over-year.

Despite these disappointing quarterly results, Gian Life Care has delivered a 3.63% return in the last week, an 8.44% return over the last six months, and a 17.78% return year-to-date. These figures suggest that the company's stock has shown resilience in the market despite the recent financial setbacks.

Currently, Gian Life Care has a market capitalization of ₹24.18 Crore. The company's 52-week high is ₹29, while its 52-week low is ₹18.28. Investors and analysts will be closely watching Gian Life Care's performance in the coming quarters to see if it can bounce back from this challenging period.