Timex Group India Q1 Results Live : profit falls by 42.82% YOY
Timex Group India Q1 Results Live : Revenue increased by 2.24% YoY & profit decreased by 42.82% YoY
Timex Group India Q1 Results Live : Timex Group India announced their Q1 results on 31 Jul, 2024, with a 2.24% increase in revenue and a significant 42.82% decrease in profit year-over-year.
Quarterly comparison shows a strong 18.04% growth in revenue from the previous quarter, but a notable 65.68% decline in profit.
Selling, general & administrative expenses surged by 82.04% sequentially and were up by 6.01% year-on-year.
The operating income witnessed a sharp decline of 61.39% quarter-on-quarter and 47.28% year-on-year.
The earnings per share (EPS) for Q1 stood at ₹0.06, reflecting a substantial 75% drop from the previous year.
Timex Group India's stock performance has been negative, with -8.28% return in the last week, -5.1% return in the last 6 months, and -8.77% year-to-date return.
Currently, Timex Group India commands a market capitalization of ₹1739.95 Cr, with a 52-week high/low of ₹203 & ₹113.45 respectively.
Timex Group India Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 108.67 | 92.06 | +18.04% | 106.29 | +2.24% |
| Selling/ General/ Admin Expenses Total | 12.87 | 7.07 | +82.04% | 12.14 | +6.01% |
| Depreciation/ Amortization | 0.85 | 0.91 | -6.59% | 0.89 | -4.49% |
| Total Operating Expense | 105.28 | 83.28 | +26.42% | 99.86 | +5.43% |
| Operating Income | 3.39 | 8.78 | -61.39% | 6.43 | -47.28% |
| Net Income Before Taxes | 3.25 | 9.38 | -65.35% | 5.67 | -42.68% |
| Net Income | 2.43 | 7.08 | -65.68% | 4.25 | -42.82% |
| Diluted Normalized EPS | 0.06 | 0.35 | -82.86% | 0.24 | -75% |
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