Saven Technologies Q1 Results Live : profit rise by 22.61% YOY
Saven Technologies Q1 Results Live : Revenue decreased by 3.62% YoY & profit increased by 22.61% YoY
Saven Technologies Q1 Results Live : Saven Technologies announced their Q1 results on 23 Jul, 2024, revealing a 3.62% decrease in revenue but a 22.61% increase in profit compared to the same quarter last year.
Quarterly comparison shows a 1.81% decline in revenue and a 19.84% increase in profit from the previous quarter.
The company managed to decrease Selling, general & administrative expenses by 5.46% sequentially and 14.44% year-on-year.
Operating income saw a significant uptick of 22.44% quarter-on-quarter and 17.87% year-on-year.
The Earnings Per Share (EPS) for Q1 stood at ₹0.62, marking a 21.57% increase year-on-year.
Saven Technologies' recent returns reflect a -0.04% in the last week, -5.07% in the last 6 months, and -15.38% year-to-date.
The company currently holds a market cap of ₹60.75 Cr with a 52-week high/low of ₹77 and ₹38.15 respectively.
Saven Technologies Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 3.3 | 3.36 | -1.81% | 3.43 | -3.62% |
| Selling/ General/ Admin Expenses Total | 2.02 | 2.13 | -5.46% | 2.36 | -14.44% |
| Depreciation/ Amortization | 0.05 | 0.07 | -24.29% | 0.06 | -3.96% |
| Total Operating Expense | 2.56 | 2.75 | -7.17% | 2.79 | -8.49% |
| Operating Income | 0.75 | 0.61 | +22.44% | 0.63 | +17.87% |
| Net Income Before Taxes | 0.91 | 0.75 | +20.08% | 0.74 | +21.88% |
| Net Income | 0.68 | 0.57 | +19.84% | 0.55 | +22.61% |
| Diluted Normalized EPS | 0.62 | 0.52 | +19.23% | 0.51 | +21.57% |
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