Hinduja Global Solutions Q1 Results Live: profit rise by 1013.67% YOY

Hinduja Global Solutions Q1 Results Live : Hinduja Global Solutions declared their Q1 results on 14 Aug, 2024, revealing a mixed bag of financial performance. The company reported a significant decline in its topline, with revenue decreasing by 3.67% year-over-year (YoY). Despite the drop in revenue, the company saw an extraordinary increase in profit, which surged by 1013.67% YoY.

Compared to the previous quarter, the revenue declined by 0.62%, while the profit showed an impressive increase of 82.99%. This suggests that the company has managed to significantly improve its profitability despite the slight drop in revenue.

The Selling, General & Administrative (SG&A) expenses also saw a decline, decreasing by 0.8% quarter-over-quarter (QoQ) and 8.74% YoY. This reduction in expenses indicates that Hinduja Global Solutions has been effective in controlling its operational costs.

However, the operating income did not paint a favorable picture. It was down by 70.54% QoQ and decreased by a substantial 143.48% YoY. This decline in operating income raises concerns about the company's core operational efficiency.

The Earnings Per Share (EPS) for Q1 stood at ₹-11.11, which marks a significant decrease of 441.86% YoY. This negative EPS is a stark contrast to the profit surge and indicates potential challenges in the company's earnings quality.

In terms of stock performance, Hinduja Global Solutions has delivered a -1.27% return in the last week, -21.74% return in the last 6 months, and a -26.27% year-to-date (YTD) return. These figures suggest that the market sentiment around the stock has been bearish over the past several months.

Currently, Hinduja Global Solutions has a market cap of ₹3396.14 Cr. The stock has a 52-week high of ₹1065 and a low of ₹718.8. These figures provide a perspective on the stock's volatility and investor sentiment over the past year.