Steel Strips Wheels Q1 Results Live : profit falls by 13.93% YOY

Steel Strips Wheels Q1 Results Live : Steel Strips Wheels announced their Q1 results on 23 Jul, 2024, revealing a 1.83% decrease in revenue and a 13.93% decline in profit compared to the same period last year.

Quarterly comparisons show a 4.06% drop in revenue and a significant 92.09% decrease in profit from the previous quarter.

The company saw a slight 0.07% decrease in Selling, general & administrative expenses quarter-on-quarter, while there was a 2.24% increase year-on-year.

Operating income took a hit, down by 84.53% from the previous quarter and 6.71% lower than the same quarter last year.

The Earnings Per Share (EPS) for Q1 stood at ₹2.6, reflecting a 13.91% decrease year-on-year.

In terms of stock performance, Steel Strips Wheels delivered returns of 2.8% in the last week, but saw a decline of 19.78% in the last 6 months and a YTD return of -12.35%.

With a market cap of ₹3565.12 Cr, the company's 52-week high/low are ₹299 and ₹190.55 respectively.

Analysts covering the company have mixed ratings, with 1 analyst giving a Buy rating and 1 analyst giving a Strong Buy rating as of 24 Jul, 2024.

The consensus recommendation as of the same date was to Strong Buy.