Ind-Swift Laboratories Q1 Results Live : profit falls by 94.57% YOY
Ind-Swift Laboratories Q1 Results Live : Revenue decreased by 89.31% YoY & profit decreased by 94.57% YoY
Ind-Swift Laboratories Q1 Results Live : Ind-Swift Laboratories Q1 Results Live: Ind-Swift Laboratories declared their Q1 results on 12 Aug, 2024. The topline decreased by 89.31% and the profit decreased by 94.57% YoY. This has been a challenging quarter for the company as compared to the previous quarter with a revenue decline of 91.57% and a profit decrease of 99.61%.
The company also reported a significant reduction in Selling, General & Administrative expenses which declined by 84.49% quarter-on-quarter and decreased by 84.4% year-on-year. However, these cost-cutting measures were not enough to offset the decline in revenue and profit.
The operating income also took a hit, down by 102.97% q-o-q and decreased by 121.53% Y-o-Y, indicating severe operational challenges. This has been reflected in the Earnings Per Share (EPS) which stands at ₹0.16 for Q1, a decrease of 94.52% year-on-year.
Despite the dismal quarterly performance, Ind-Swift Laboratories has delivered -7.08% return in the last 1 week, 57.62% return in the last 6 months, and a 50.39% Year-To-Date (YTD) return. This indicates a mixed performance in the stock market over different timeframes.
Currently, Ind-Swift Laboratories has a market cap of ₹920.16 Cr with a 52-week high/low of ₹186 and ₹81.85 respectively. Investors will be keenly watching how the company navigates through these challenging times and whether it can stage a recovery in the coming quarters.
Ind-Swift Laboratories Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 33.17 | 393.33 | -91.57% | 310.34 | -89.31% |
| Selling/ General/ Admin Expenses Total | 6.09 | 39.25 | -84.49% | 39.02 | -84.4% |
| Depreciation/ Amortization | 0.25 | 12.67 | -98.03% | 13.89 | -98.2% |
| Total Operating Expense | 43.16 | 56.72 | -23.91% | 263.92 | -83.65% |
| Operating Income | -9.99 | 336.62 | -102.97% | 46.41 | -121.53% |
| Net Income Before Taxes | 0.98 | 373.34 | -99.74% | 31.64 | -96.9% |
| Net Income | 0.94 | 238.82 | -99.61% | 17.24 | -94.57% |
| Diluted Normalized EPS | 0.16 | -2.11 | +107.59% | 2.92 | -94.52% |
Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.