Sanghi Industries Q1 Results Live : loss falls by 53.11% YOY

Sanghi Industries Q1 Results Live : Sanghi Industries announced their Q1 results on 29 Jul, 2024, revealing a 33.78% increase in revenue and a significant 53.11% decrease in loss year-over-year.

However, compared to the previous quarter, there was a decline of 21.72% in revenue and a staggering 362.12% increase in loss.

The Selling, general & administrative expenses saw a 24.31% rise quarter-over-quarter but a notable 62.69% decrease year-over-year.

Operating income took a hit, decreasing by 345.12% sequentially but showing a positive increase of 59.74% year-over-year.

The EPS for Q1 was reported at ₹-3.44, marking a 53.07% increase from the previous year.

In terms of returns, Sanghi Industries delivered 0.09% in the last week, while showing negative returns of -19.2% in the last 6 months and -23.28% year-to-date.

With a market cap of ₹2515.06 Cr and 52-week high/low of ₹156 & ₹82.9 respectively, Sanghi Industries continues to be a key player in the market.

Analysts' ratings as of 30 Jul, 2024, indicate a positive sentiment towards Sanghi Industries, with all analysts covering the company giving a Buy recommendation.

The consensus recommendation as of the same date was also to Buy, showcasing confidence in the company's future prospects.