Sree Leathers Q1 Results Live: profit falls by 28.92% YOY

Sree Leathers Q1 Results Live : Sree Leathers Q1 Results Live: Sree Leathers declared their Q1 results on 14 Aug, 2024. The topline decreased by 1.89% & the profit decreased by 28.92% YoY. As compared to the previous quarter, the revenue declined by 1.84% and the profit decreased by 3.59%.

The Selling, General & Administrative (SG&A) expenses showed a mixed trend, declining by 3.51% quarter-on-quarter (q-o-q) but increasing significantly by 21.82% year-over-year (Y-o-Y). This indicates a notable rise in operational costs compared to the same period last year.

The company's operating income also took a hit, down by 3.25% q-o-q and decreasing by 27.02% Y-o-Y. This decline in operating income reflects a broader challenge in maintaining profitability amidst rising costs and decreasing revenue.

Earnings per Share (EPS) for Q1 stood at ₹1.99, marking a decrease of 28.93% Y-o-Y. This substantial drop in EPS indicates a significant reduction in shareholder value compared to the previous year.

In terms of stock performance, Sree Leathers has delivered a -1.71% return in the last week, -10.2% return over the past 6 months, and a -24.71% year-to-date (YTD) return. These figures suggest a challenging period for the company's stockholders.

Currently, Sree Leathers has a market capitalization of ₹692.75 Cr, with a 52-week high of ₹433.7 and a 52-week low of ₹213.35. These metrics provide a snapshot of the company's market valuation and recent trading range.