Virat Crane Industries Q1 Results Live : profit rise by 24.01% YOY
Virat Crane Industries Q1 Results Live : Revenue decreased by 5.05% YoY & profit increased by 24.01% YoY
Virat Crane Industries Q1 Results Live : Virat Crane Industries announced their Q1 results on 07 Aug, 2024, revealing a 5.05% decrease in revenue but a significant 24.01% increase in profit year over year.
The company experienced a 14.06% decline in revenue and a 44.86% decrease in profit compared to the previous quarter.
Selling, general & administrative expenses saw a notable 48.19% decrease quarter-on-quarter and a 38.3% decrease year-on-year.
Operating income also fluctuated, dropping by 26.04% from the previous quarter but rising by 22.17% year-on-year.
Virat Crane Industries reported an EPS of ₹1.08 for Q1, marking a 24.14% increase year-on-year.
Despite the financial results, the company's stock performance has been mixed, with a -17.72% return in the last week, -0.61% return in the last 6 months, and a 44.53% year-to-date return.
At present, Virat Crane Industries holds a market cap of ₹135.43 Cr and has seen a 52-week high/low of ₹87 and ₹35.05 respectively.
Virat Crane Industries Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 30.98 | 36.05 | -14.06% | 32.63 | -5.05% |
| Selling/ General/ Admin Expenses Total | 0.25 | 0.49 | -48.19% | 0.41 | -38.3% |
| Depreciation/ Amortization | 0.09 | 0.11 | -18.7% | 0.08 | +8.3% |
| Total Operating Expense | 27.92 | 31.91 | -12.5% | 30.12 | -7.31% |
| Operating Income | 3.06 | 4.14 | -26.04% | 2.51 | +22.17% |
| Net Income Before Taxes | 2.95 | 4 | -26.31% | 2.38 | +24.01% |
| Net Income | 2.21 | 4 | -44.86% | 1.78 | +24.01% |
| Diluted Normalized EPS | 1.08 | 1.96 | -44.9% | 0.87 | +24.14% |
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