Gocl Corporation Q1 Results Live: Profit Rise by 198.09% YOY

Gocl Corporation Q1 Results Live : Gocl Corporation declared their Q1 results on August 13, 2024. The company reported a significant decline in revenue, which decreased by 11.63% year-over-year (YoY). However, the company's profit saw a remarkable increase of 198.09% YoY.

Compared to the previous quarter, Gocl Corporation's revenue declined by 6.3%, while profit surged by an astonishing 633.69%. This indicates a substantial improvement in profitability despite the downturn in revenue.

The Selling, General & Administrative (SG&A) expenses rose by 4.92% quarter-over-quarter (q-o-q), but decreased by 8.32% YoY. The rise in quarterly SG&A expenses signifies increased operational costs, whereas the annual decline suggests better cost management over the year.

Operating income for Gocl Corporation was down by 4.48% q-o-q and decreased by 101.81% YoY. The decline in operating income reflects the challenges faced by the company in maintaining its operational efficiency amidst fluctuating revenues.

The Earnings Per Share (EPS) for Q1 stood at ₹7.31, marking an increase of 198.37% YoY. This significant rise in EPS indicates improved profitability on a per-share basis, benefiting shareholders.

In terms of stock performance, Gocl Corporation has delivered a return of -0.02% in the last week, -7.07% over the last six months, and a year-to-date (YTD) return of -16.92%. These figures reflect the volatile nature of the company's stock price in the recent period.

Currently, Gocl Corporation has a market capitalization of ₹2135.34 crore. The company's 52-week high and low stand at ₹640.85 and ₹330, respectively, indicating the range within which the stock has traded over the past year.