Orient Ceratech Q1 Results Live: profit falls by 31.17% YOY

Orient Ceratech Q1 Results Live : Orient Ceratech declared their Q1 results on 14 Aug, 2024. The topline increased by 34.71% & the profit decreased by 31.17% YoY. As compared to the previous quarter, the revenue grew by 18.74% and the profit decreased by 32.26%.

The company reported that Selling, General & Administrative (SG&A) expenses rose by 18.07% quarter-on-quarter and saw a significant increase of 40.92% year-on-year. These rising costs have evidently impacted the profitability.

Operating income saw a marginal increase of 0.42% compared to the previous quarter but showed a decrease of 13.81% year-on-year. This indicates that while the company is maintaining operational efficiency, the growing expenses are eroding profit margins.

The Earnings Per Share (EPS) for Q1 stood at ₹0.24, reflecting a decrease of 2.78% year-on-year. This drop in EPS underscores the pressure on profitability despite the revenue growth.

In terms of market performance, Orient Ceratech has delivered a 1.47% return over the past week, a -12.5% return over the last 6 months, and a -3.84% year-to-date (YTD) return. These figures suggest a challenging market environment for the company.

Currently, Orient Ceratech has a market capitalization of ₹587.31 Cr. The company's 52-week high and low stand at ₹72.35 and ₹31 respectively, indicating significant volatility in its stock price over the past year.