Salzer Electronics Q1 Results Live : profit rise by 44.41% YOY

Salzer Electronics Q1 Results Live : Salzer Electronics announced their Q1 results on 06 Aug, 2024, with a significant increase in both revenue and profit compared to the same quarter last year.

The company saw a 23.64% year-over-year growth in revenue, reaching a total of ₹XXXX, while the profit surged by 44.41% year-over-year, showcasing strong financial performance.

In comparison to the previous quarter, Salzer Electronics experienced a 9.29% growth in revenue and an 11.25% increase in profit, indicating a positive trend in their financials.

Despite the positive results, the selling, general & administrative expenses decreased by 4.01% quarter-over-quarter but rose by 22.38% year-over-year, which is something to keep an eye on.

The operating income also showed improvement, with a 0.62% increase quarter-over-quarter and a significant 29.95% rise year-over-year, reflecting operational efficiency.

Earnings Per Share (EPS) for Q1 stood at ₹7.49, marking a 33.27% increase year-over-year, demonstrating strong earnings growth for the company.

Salzer Electronics' stock performance has been mixed, with a -3.73% return in the last 1 week, but impressive gains of 103.66% in the last 6 months and 123.94% year-to-date return, indicating investor confidence.

Currently, Salzer Electronics boasts a market capitalization of ₹1600.2 Cr, with a 52-week high/low of ₹984.95 & ₹317.05 respectively, highlighting the company's market position.