Oriental Rail Infrastructure Q1 Results Live: Profit Rise by 7.73% YoY

Oriental Rail Infrastructure Q1 Results Live : Oriental Rail Infrastructure declared their Q1 results on 14 Aug, 2024, showing a robust performance despite market challenges. The company's topline surged by 32.59% year-over-year (YoY), reflecting strong sales growth. Additionally, the profit for the quarter increased by 7.73% YoY, marking a steady improvement in profitability.

However, compared to the previous quarter, the revenue experienced a decline of 28.47%, while the profit saw a significant increase of 33.98%. This indicates a strategic focus on cost management and efficiency improvements.

The company's Selling, General & Administrative (SG&A) expenses rose by 2.56% quarter-over-quarter (QoQ) and saw a substantial increase of 48.6% YoY. Despite the rise in expenses, the operating income was up by 10.17% QoQ and increased by 1.74% YoY, showcasing the company's ability to manage its operations effectively.

Earnings per share (EPS) for Q1 stood at ₹1.29, which represents a notable increase of 27.72% YoY. This growth in EPS is a positive indicator for shareholders, reflecting the company's enhanced profitability.

In terms of stock performance, Oriental Rail Infrastructure has delivered a -3.64% return over the last week. However, the stock has shown impressive gains over a longer horizon, with a 26.01% return in the last six months and a 39.85% year-to-date (YTD) return.

Currently, Oriental Rail Infrastructure boasts a market capitalization of ₹1991.89 crore. The company's stock has seen a 52-week high of ₹445 and a low of ₹60, indicating significant volatility and potential for growth.

Overall, Oriental Rail Infrastructure's Q1 results reflect a strong financial performance, with notable improvements in revenue and profitability metrics, despite the challenges faced in the previous quarter.