Shree Karthik Papers Q1 Results Live : profit rise by 115.5% YOY

Shree Karthik Papers Q1 Results Live : Shree Karthik Papers declared their Q1 results on 14 Aug, 2024. The company reported a significant rise in profit by 115.5% year-over-year (YoY) despite a decline in revenue by 28.31% YoY. Compared to the previous quarter, the revenue declined by 1.4%, while the profit surged by an impressive 164.22%.

The company's Selling, General & Administrative (SG&A) expenses showed a marked improvement, declining by 28.21% quarter-over-quarter (q-o-q) and decreasing by 11.99% YoY. This reduction in expenses likely contributed to the strong profit growth.

Operating income also saw a substantial increase, rising by 324.54% q-o-q and by 21.63% YoY. This significant rise in operating income underscores the company's improved operational efficiency and cost management strategies.

Earnings per share (EPS) for Q1 stood at ₹0.12, representing a 106.17% increase YoY. This boost in EPS indicates a better return on equity for shareholders.

In terms of stock performance, Shree Karthik Papers has delivered a 3.9% return over the last week. However, the stock has faced challenges over a longer period, showing a -16.35% return in the last 6 months and a -27.9% year-to-date (YTD) return.

Currently, Shree Karthik Papers has a market capitalization of ₹19.37 Cr. The stock's 52-week high stands at ₹15.98, while the 52-week low is ₹6.36, indicating considerable volatility in its trading range.