Nirlon Q1 Results Live: Profit Rise by 0.1% YoY

Nirlon Q1 Results Live: Revenue increased by 5.56% YoY & profit increased by 0.1% YoY

Livemint
Published13 Aug 2024, 11:36 AM IST
Nirlon Q1 Results Live
Nirlon Q1 Results Live

Nirlon Q1 Results Live : Nirlon declared their Q1 results on 12 Aug, 2024, showcasing a mixed performance. The company's topline increased by 5.56% year-over-year (YoY), while the profit saw a slight rise of 0.1% YoY. Compared to the previous quarter, the revenue grew by 2.05%, but the profit decreased by 2.63%.

The company's selling, general, and administrative expenses (SG&A) rose significantly by 8.53% quarter-over-quarter (q-o-q) and saw a modest increase of 0.06% YoY. This indicates a higher cost of operations, potentially impacting the company's profitability in the short term.

Despite the increase in expenses, Nirlon's operating income showed positive growth, rising by 2.85% q-o-q and increasing by 6.16% YoY. This suggests that the company has managed to improve its operational efficiency over the period.

Earnings per share (EPS) for Q1 stood at 5.53, marking a slight increase of 0.18% YoY. This is a positive sign for investors, indicating steady earnings growth.

In terms of stock performance, Nirlon has delivered a 0.82% return in the last week, a -2.78% return over the last six months, and a 2.97% year-to-date (YTD) return. The varied performance highlights market volatility and investor sentiment towards the stock.

Nirlon currently holds a market capitalization of 3822.81 Crore. The stock's 52-week high is 475.05, while its 52-week low is 381, reflecting the stock's range of trading over the past year.

Nirlon Financials

PeriodQ1Q4Q-o-Q GrowthQ1Y-o-Y Growth
Total Revenue156.51153.36+2.05%148.26+5.56%
Selling/ General/ Admin Expenses Total1.41.29+8.53%1.4+0.06%
Depreciation/ Amortization14.114.63-3.64%13.84+1.87%
Total Operating Expense79.9978.96+1.3%76.18+5%
Operating Income76.5274.4+2.85%72.07+6.16%
Net Income Before Taxes77.975.39+3.33%72.88+6.89%
Net Income49.8351.18-2.63%49.78+0.1%
Diluted Normalized EPS5.535.68-2.64%5.52+0.18%
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₹156.51Cr
First Published:13 Aug 2024, 11:36 AM IST