GKB Ophthalmics Q1 results: loss at ₹0.25Cr, Revenue increased by 16.89% YoY
GKB Ophthalmics Q1 results: Revenue increased by 16.89% YoY & loss at ₹0.25Cr
GKB Ophthalmics Q1 Results Live : GKB Ophthalmics declared their Q1 results on 13 Aug, 2024. The company's topline saw a significant increase of 16.89% year-over-year (YoY), but the quarter ended with a loss of ₹0.25 Cr. It's noteworthy that in the same period of the previous fiscal year, GKB Ophthalmics had reported a profit of ₹0.52 Cr.
In comparison to the previous quarter, the revenue grew by 20.69%, demonstrating a strong sequential performance. However, the Selling, General & Administrative (SG&A) expenses rose by 7.13% quarter-over-quarter (QoQ) and saw a substantial increase of 34.72% YoY.
The operating income exhibited a significant improvement of 140.15% QoQ but experienced a decline of 55.37% YoY. This mixed performance highlights the challenges and opportunities the company is facing.
The Earnings Per Share (EPS) for Q1 stood at ₹-0.5, reflecting a decrease of 148.08% YoY. This negative EPS underscores the financial pressure the company is under despite the increase in revenue.
In terms of stock performance, GKB Ophthalmics has delivered a -0.5% return in the last week, a 19.32% return over the last six months, and a 9.08% Year-To-Date (YTD) return. These figures indicate varying levels of investor confidence over different time frames.
Currently, GKB Ophthalmics has a market capitalization of ₹55.02 Cr. The stock's 52-week high and low stand at ₹136.4 and ₹74.1 respectively, reflecting the volatility and potential growth opportunities in the market.
GKB Ophthalmics Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 26.02 | 21.56 | +20.69% | 22.26 | +16.89% |
| Selling/ General/ Admin Expenses Total | 4.04 | 3.77 | +7.13% | 3 | +34.72% |
| Depreciation/ Amortization | 0.76 | 0.72 | +5.41% | 0.72 | +5.59% |
| Total Operating Expense | 25.73 | 22.27 | +15.55% | 21.62 | +19.03% |
| Operating Income | 0.29 | -0.71 | +140.15% | 0.64 | -55.37% |
| Net Income Before Taxes | 0.01 | -0.79 | +101.7% | 0.55 | -97.58% |
| Net Income | -0.25 | -0.91 | +72.25% | 0.52 | -148.43% |
| Diluted Normalized EPS | -0.5 | -1.81 | +72.38% | 1.04 | -148.08% |
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