Alkem Laboratories Q1 Results Live: Profit Rise by 90.13% YOY
Alkem Laboratories Q1 Results Live: Revenue increased by 2.16% YoY & profit increased by 90.13% YoY
Alkem Laboratories Q1 Results Live : Alkem Laboratories declared their Q1 results on 09 Aug, 2024. The topline increased by 2.16% and the profit surged by an impressive 90.13% year-over-year (YoY). When compared to the previous quarter, the revenue grew by 3.27% while the profit increased by 85.71%.
The company reported a significant rise in Selling, General & Administrative (SG&A) expenses, which rose by 19.07% quarter-over-quarter (q-o-q) and increased by 6.1% year-over-year (Y-o-Y). Despite the higher expenses, the operating income saw a substantial increase of 65.8% q-o-q and 66.73% Y-o-Y.
The Earnings Per Share (EPS) for Q1 stood at ₹45.6, marking a 90.16% increase Y-o-Y. This strong performance reflects the company's robust financial health and effective cost management strategies.
Alkem Laboratories has also delivered notable returns in the stock market, with a 7.89% return in the last week, a 7.08% return in the last 6 months, and a 9.31% Year-to-Date (YTD) return. The company currently has a market capitalization of ₹67,997.21 Cr. Its 52-week high is ₹5746.6 and the 52-week low is ₹3447.
As of 10 Aug, 2024, out of 18 analysts covering the company, 3 analysts have given a Strong Sell rating, 3 have given a Sell rating, 6 have given a Hold rating, 4 have given a Buy rating, and 2 have given a Strong Buy rating. The consensus recommendation as of this date is to Hold.
Alkem Laboratories Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 3031.82 | 2935.82 | +3.27% | 2967.72 | +2.16% |
| Selling/ General/ Admin Expenses Total | 602.27 | 505.83 | +19.07% | 567.65 | +6.1% |
| Depreciation/ Amortization | 80.48 | 83.43 | -3.54% | 72.41 | +11.14% |
| Total Operating Expense | 2503.66 | 2617.27 | -4.34% | 2650.94 | -5.56% |
| Operating Income | 528.16 | 318.55 | +65.8% | 316.78 | +66.73% |
| Net Income Before Taxes | 619.36 | 367.34 | +68.61% | 352.85 | +75.53% |
| Net Income | 545.16 | 293.56 | +85.71% | 286.73 | +90.13% |
| Diluted Normalized EPS | 45.6 | 24.55 | +85.74% | 23.98 | +90.16% |
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First Published:10 Aug 2024, 11:31 AM IST
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