Apt Packaging Q1 results: profit at ₹0.16Cr, Revenue increased by 28.11% YoY

Apt Packaging Q1 Results Live : Apt Packaging Q1 Results Live: Apt Packaging declared their Q1 results on 12 Aug, 2024. The topline increased by 28.11% and the profit came at ₹0.16 crore. It is noteworthy that Apt Packaging had declared a loss of ₹1.36 crore in the previous fiscal year same period. However, as compared to the previous quarter, the revenue declined by 3.54%.

The Selling, general and administrative expenses declined by 26.31% quarter-on-quarter and decreased by 38.83% year-on-year. This significant reduction in expenses has contributed to the improved profitability of the company.

The operating income was up by 125.13% quarter-on-quarter and increased by 123.4% year-on-year. This surge in operating income is a positive indicator of the company’s operational efficiency and financial health.

The Earnings Per Share (EPS) for Q1 stood at ₹0.35, which marks an increase of 113.02% year-on-year. This substantial rise in EPS reflects the overall better performance and profitability of Apt Packaging during the quarter.