HEG Q1 Results Live: Profit Falls by 83.44% YoY

HEG Q1 Results Live : HEG Q1 Results Live: HEG declared their Q1 results on 13 Aug, 2024. The topline decreased by 14.89% and the profit decreased by 83.44% year-over-year (YoY). Compared to the previous quarter, the revenue grew by 4.49%, but the profit decreased by 29.99%.

The selling, general, and administrative expenses saw a decline of 5.7% quarter-over-quarter (q-o-q) and a decrease of 0.87% year-over-year (YoY).

Operating income for HEG was down by 15.16% q-o-q and experienced a significant decrease of 107.81% YoY.

The earnings per share (EPS) for Q1 stands at ₹5.97, which marks an 83.44% decrease YoY.

Despite the challenging quarter, HEG has delivered a -2.14% return in the last week, a 23.3% return in the last 6 months, and a 5.16% year-to-date (YTD) return.

Currently, HEG has a market capitalization of ₹7745.15 crore with a 52-week high of ₹2743 and a 52-week low of ₹1461.9.

As of 15 Aug, 2024, out of the 2 analysts covering the company, 1 analyst has given a Buy rating and 1 analyst has given a Strong Buy rating.

The consensus recommendation as of 15 Aug, 2024, is to Strong Buy.