TCI Industries Q3 FY24 Results Live: Loss Falls by 62.33% YoY
TCI Industries Q3 FY24 Results Live: Revenue Increased by 37.18% YoY & Loss Decreased by 62.33% YoY
TCI Industries, a leading company in the industry, has declared their Q3 FY24 results on 24th January 2024. The company has witnessed a significant increase in revenue by 37.18% compared to the same period last year. Additionally, the company has successfully reduced its loss by 62.33% YoY.
In comparison to the previous quarter, TCI Industries experienced a growth in revenue by 32.64% and a decrease in loss by 62.93%.
The company's Selling, General & Administrative expenses have slightly declined by 1.75% q-o-q but increased by 2.48% YoY.
Furthermore, TCI Industries has shown positive growth in its operating income, with a 5.13% increase q-o-q and a 3.85% increase YoY.
The earnings per share (EPS) for Q3 FY24 stands at ₹-1.65, reflecting a 62.33% increase YoY.
In terms of stock performance, TCI Industries has delivered a 0% return in the last week, while showing a strong 16.32% return over the past six months and a 12.55% return year-to-date.
Currently, TCI Industries holds a market capitalization of ₹124.65 Cr, with a 52-week high of ₹1510 and a 52-week low of ₹992.
TCI Industries Financials
| Period | Q3 FY24 | Q2 FY24 | Q-o-Q Growth | Q3 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 0.35 | 0.26 | +32.64% | 0.25 | +37.18% |
| Selling/ General/ Admin Expenses Total | 0.27 | 0.27 | -1.75% | 0.26 | +2.48% |
| Depreciation/ Amortization | 0.05 | 0.05 | -0.2% | 0.06 | -8.77% |
| Total Operating Expense | 0.73 | 0.67 | +9.51% | 0.66 | +11.86% |
| Operating Income | -0.39 | -0.41 | +5.13% | -0.41 | +3.85% |
| Net Income Before Taxes | -0.15 | -0.4 | +62.93% | -0.39 | +62.33% |
| Net Income | -0.15 | -0.4 | +62.93% | -0.39 | +62.33% |
| Diluted Normalized EPS | -1.65 | -4.45 | +62.92% | -4.38 | +62.33% |
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