Shri Bajrang Alliance Q1 Results Live: Profit Falls by 42.39% YoY

Shri Bajrang Alliance Q1 Results Live : Shri Bajrang Alliance declared their Q1 results on 13 August, 2024. The company's topline saw a significant decrease, dropping by 13.6% year-over-year. Furthermore, the profit plummeted by 42.39% YoY, reflecting a challenging quarter for the company.

Compared to the previous quarter, the revenue declined dramatically by 42.4%, and the profit decreased by a staggering 52.64%. These figures indicate a troubling trend for Shri Bajrang Alliance as it navigates through the economic landscape.

In addition, the Selling, General & Administrative (SG&A) expenses rose by 5.85% on a quarter-on-quarter basis and saw a substantial increase of 22.95% year-over-year. This rise in expenses has added to the company's financial woes.

The operating income also took a hit, falling by 109.68% q-o-q and decreasing by 103.34% YoY. This decline in operating income further underscores the difficulties faced by Shri Bajrang Alliance in maintaining profitability.

The Earnings Per Share (EPS) for Q1 stood at ₹7.73, which represents a decrease of 42.4% YoY. This drop in EPS is a clear indicator of the company's reduced earnings capacity.

Over the past week, Shri Bajrang Alliance has delivered a negative return of -7.13%. The performance over the last six months has been equally disappointing, with a return of -12.28%. Year-to-date, the company has seen a return of -17.13%.

Currently, Shri Bajrang Alliance has a market cap of ₹227.56 Crores. The company's 52-week high is ₹353, while the 52-week low is ₹207.9, highlighting the volatility in the company's stock performance.