Shree Metalloys Q1 Results Live: Profit Rise by 193.91% YoY

Shree Metalloys Q1 Results Live : Shree Metalloys declared their Q1 results on 14 Aug, 2024, showcasing a robust performance. The company's topline increased by 6.5% year-over-year (YoY), while its profit surged by an impressive 193.91% YoY. In comparison to the previous quarter, the revenue grew by 6.81%, although the profit saw a decline of 19.52%.

The company's selling, general, and administrative expenses saw a significant reduction of 22.83% quarter-over-quarter (QoQ), but they increased by 7.3% YoY. Despite the QoQ decline, the year-over-year figures highlight effective cost management strategies.

Operating income experienced a dip of 20.56% QoQ, however, it posted a substantial increase of 165.38% YoY. This surge underscores the company's improved operational efficiency and profitability compared to the same quarter last year.

Earnings per share (EPS) for Q1 stood at ₹0.32, marking a 190.91% increase YoY. This impressive growth in EPS reflects the company's strong financial health and ability to generate higher returns for its shareholders.

In terms of market performance, Shree Metalloys has delivered a 5.92% return in the last week, a 28.48% return over the past six months, and a 15.31% year-to-date return. These figures indicate strong investor confidence and positive market sentiment surrounding the company's stock.

Currently, Shree Metalloys has a market cap of ₹21.83 Cr. The stock's 52-week high stands at ₹46.26, while the 52-week low is ₹26.52, reflecting its trading range over the past year.