Goodricke Group Q1 results : profit at ₹12.49Cr, Revenue increased by 19.15% YoY

Goodricke Group Q1 Results Live : Goodricke Group announced their Q1 results on 08 Aug, 2024, showcasing a 19.15% increase in revenue compared to the same period last year.

The company reported a profit of ₹12.49 crore for Q1, a significant turnaround from the loss of ₹1.77 crore in the previous fiscal year during the same period.

Quarter-on-quarter, the revenue saw a substantial growth of 51.59% indicating a positive trend in the company's performance.

Selling, general & administrative expenses went up by 28.45% sequentially and 10.41% year-on-year showcasing an increase in operational costs.

Operating income witnessed a remarkable surge of 115.25% q-o-q and an impressive 515.79% y-o-y, reflecting strong operational efficiency.

The Earnings Per Share (EPS) for Q1 stood at ₹5.78, marking a substantial increase of 804.88% year-on-year, indicating enhanced profitability.

In terms of market performance, Goodricke Group delivered a return of 0.29% in the last week, showing resilience amidst market fluctuations.

However, the company reported negative returns of -8.01% in the last 6 months and -3.76% year-to-date, highlighting challenges faced during these periods.

Currently, Goodricke Group holds a market capitalization of ₹409.43 crore with a 52-week high/low of ₹225 and ₹159 respectively, showcasing fluctuations in stock performance.