Spectrum Foods Q3 FY24 Results Live: Profit Rises by 47.27% YoY

Spectrum Foods, a leading food company, has announced its Q3 FY24 results on January 8, 2024. The company has witnessed a significant increase in both its revenue and profit on a year-on-year (YoY) basis. The topline has grown by 39.32% YoY, while the profit has surged by 47.27% YoY.

In comparison to the previous quarter, the revenue has shown a slight growth of 1.48%, whereas the profit has declined by 54.12%.

The Selling, General & Administrative (SG&A) expenses of Spectrum Foods have witnessed a decline of 10.08% on a quarter-on-quarter (QoQ) basis. However, on a YoY basis, the SG&A expenses have increased by 28.68%.

The operating income of Spectrum Foods has experienced a significant decrease of 54.1% QoQ. However, on a YoY basis, the operating income has increased by 36.61%.

The earnings per share (EPS) for Q3 FY24 stand at ₹3.12, showcasing a remarkable YoY growth of 47.29%.

Furthermore, Spectrum Foods has delivered impressive returns to its investors. Over the past week, the company has provided a return of 16.88%. In the last 6 months, the returns have reached 21.52%. Year-to-date (YTD), the company has recorded a return of 21.87%.

Currently, Spectrum Foods holds a market capitalization of ₹29.08 Cr. The 52-week high and low for the company's stock are ₹89.8 and ₹32.95 respectively.