STARTECK Q3 FY24 Results Live : profit rise by 22.55% YOY

STARTECK, a leading company, announced their Q3 FY24 results on 14 Feb, 2024. The topline saw a notable increase of 9.26% compared to the same quarter last year. The profit also showed a significant rise of 22.55% year-over-year.

However, in comparison to the previous quarter, STARTECK experienced a decline of 40.09% in revenue and a substantial decrease of 62.98% in profit.

The Selling, general & administrative expenses witnessed a decrease of 17.4% quarter-over-quarter but surged by 46.56% year-over-year, indicating improved cost management strategies.

Additionally, the operating income took a hit, falling by 44.37% sequentially, but showed a modest increase of 3.95% year-over-year.

Earnings per share (EPS) for Q3 FY24 stood at ₹2.77, marking a 22.57% increase from the previous year, reflecting positively on the company's profitability.

STARTECK's stock performance in the market has been mixed, with a -4.17% return in the last week, a significant 92.88% return in the last six months, and a YTD return of -12.49%.

Currently, STARTECK boasts a market capitalization of ₹304.89 Cr and has a 52-week high/low of ₹412.3 and ₹101.35 respectively, showcasing its stability in the market.