Modi Rubber Q1 Results Live: Profit Rise by 88.11% YoY

Modi Rubber Q1 Results Live : Modi Rubber declared their Q1 results on 14 Aug, 2024, showcasing a significant financial performance. The company's revenue for the quarter increased by 11.66% year-over-year, reaching new heights. The profit saw an even more impressive rise of 88.11% YoY, highlighting the company's strong operational efficiency.

In comparison to the previous quarter, however, the revenue witnessed a slight decline of 1.84%. Despite this, the profit surged by 114.95% quarter-over-quarter, indicating effective cost management and enhanced profitability.

The company reported a decline in Selling, General & Administrative (SG&A) expenses by 1.49% quarter-over-quarter. However, on a year-over-year basis, these expenses increased by 17.35%, reflecting some inflationary pressures and increased spending.

Operating income for Q1 was up by 48.63% compared to the last quarter but showed a decrease of 13.48% on a year-over-year basis. This mixed performance in operating income suggests fluctuations in operational efficiencies over different periods.

Earnings per share (EPS) for the first quarter stood at ₹2.71, marking an increase of 16.31% YoY. This rise in EPS underscores the company's ability to generate higher earnings for its shareholders.

Modi Rubber has delivered a return of 0.69% in the last week, 11.22% over the past six months, and a year-to-date (YTD) return of 14.29%. These returns reflect the company's steady performance and investor confidence.

Currently, Modi Rubber boasts a market capitalization of ₹243.27 crore. The stock's 52-week high and low are ₹120.05 and ₹68.55, respectively, indicating a solid range of investor interest and market performance.