Mitsu Chem Plast Q1 Results Live: Profit Falls by 19.34% YoY

Mitsu Chem Plast Q1 Results Live : Mitsu Chem Plast Q1 Results Live: Mitsu Chem Plast declared their Q1 results on 09 Aug, 2024. The topline increased by 0.52% year-over-year (YoY), while the profit saw a significant decrease of 19.34% YoY. Compared to the previous quarter, the revenue declined by 2.6% and the profit decreased by a staggering 61.57%.

The Selling, General & Administrative (SG&A) expenses rose by 16.51% quarter-over-quarter (QoQ) and increased by 6.32% YoY. This rise in expenses has contributed to the decline in the company's profitability.

The operating income also faced a downturn, falling by 46.78% QoQ and decreasing by 12.79% YoY. This indicates that the company is facing operational challenges that are impacting its bottom line.

The Earnings Per Share (EPS) for Q1 stood at ₹0.8, which represents a decrease of 26.46% YoY. This decline in EPS reflects the overall decrease in profitability and earnings for the shareholders.

Mitsu Chem Plast has delivered a -5.4% return in the last week, a -25.65% return in the last 6 months, and a -19.01% year-to-date (YTD) return. These figures indicate a challenging period for the company's stock performance.

Currently, Mitsu Chem Plast has a market cap of ₹196.24 Cr. The company's 52-week high is ₹212.72, while the 52-week low is ₹127. This data suggests that the stock has experienced significant volatility over the past year.