Rana Sugars Q1 Results Live: profit falls by 87.64% YOY

Rana Sugars Q1 Results Live : Rana Sugars Q1 Results Live: Rana Sugars declared their Q1 results on 13 Aug, 2024. The topline decreased by 7.58% and the profit decreased by a significant 87.64% year-over-year. Comparatively, the revenue grew by 11.23% from the previous quarter, while the profit plummeted by 91.25%.

The company reported that its Selling, General & Administrative (SG&A) expenses declined by 6% quarter-on-quarter. However, SG&A expenses increased by 6.42% year-over-year, indicating rising operational costs over the past year.

Rana Sugars' operating income also saw a sharp decline, falling by 59.42% quarter-on-quarter and decreasing by 59.03% year-over-year. This significant drop highlights the challenges the company faces in maintaining its operational efficiency.

Earnings per Share (EPS) for Q1 stood at ₹0.12, marking an 88.01% decrease year-over-year. This drop in EPS reflects the company's reduced profitability during the quarter.

Despite the weak quarterly results, Rana Sugars has delivered a 3.05% return in the last 1 week, though it has faced a -3.77% return over the last 6 months. Year-to-date (YTD) return stands at 1.31%, showing a mixed performance in the stock market.

Currently, Rana Sugars has a market cap of ₹368.72 Cr, with a 52-week high of ₹30.4 and a low of ₹18.2. The company's stock performance and market position will be closely watched in the coming quarters as it navigates these financial challenges.