Synthiko Foils Q1 results: profit at ₹0.33Cr, Revenue decreased by 10.26% YoY

Synthiko Foils Q1 Results Live : Synthiko Foils Q1 Results Live: Synthiko Foils declared their Q1 results on 14 Aug, 2024. The topline decreased by 10.26% year-over-year (YoY), while the profit came in at ₹0.33 crore. This is a significant improvement compared to the same period in the previous fiscal year, where the company reported a loss of ₹0.02 crore. Compared to the previous quarter, the revenue showed a growth of 4.43%.

The company also reported a decline in Selling, General & Administrative (SG&A) expenses by 3.16% quarter-over-quarter (QoQ) and a decrease of 9.26% YoY. This reduction in expenses has positively impacted the company's bottom line.

Operating income saw a substantial increase, up by 105.25% QoQ and a staggering 686.47% YoY. This impressive growth in operating income demonstrates the company's improving operational efficiencies and cost management strategies.

The Earnings Per Share (EPS) for Q1 stood at ₹1.9, marking an increase of 1683.33% YoY. This remarkable rise in EPS reflects the company's improved profitability and financial health.

Despite these positive financial metrics, Synthiko Foils has delivered a -0.68% return over the past week, a -9.4% return in the last 6 months, and a -33.76% Year-to-Date (YTD) return. These figures indicate that the company's stock performance has been under pressure.

Currently, Synthiko Foils has a market capitalization of ₹12.62 crore. The company's 52-week high and low stand at ₹125.6 and ₹57.21, respectively. The market will be closely watching how the company continues to navigate through its financial and operational challenges in the coming quarters.