BCL Industries Q1 Results Live : profit rise by 21.52% YOY

BCL Industries Q1 Results Live : BCL Industries declared their Q1 results on 12 Aug, 2024, showcasing a robust financial performance. The company's topline surged by an impressive 53.62% year-over-year (YoY), while the net profit saw a healthy rise of 21.52% YoY.

In comparison to the previous quarter, BCL Industries reported a revenue growth of 7.31%. However, the quarterly profit saw a slight decline of 2.08%, indicating some challenges in maintaining profit margins.

The company's Selling, General & Administrative (SG&A) expenses saw an uptick, rising by 8.93% quarter-over-quarter (QoQ) and by 26.25% YoY. This increase suggests higher operational costs, which may have impacted the profit margins.

BCL Industries' operating income showed positive trends, increasing by 6.33% QoQ and by a notable 34.31% YoY. This highlights the company’s operational efficiency and ability to generate more income from its core operations.

The Earnings Per Share (EPS) for Q1 stood at ₹0.81, which marks a 7.59% increase YoY. This growth in EPS reflects the company's improved profitability on a per-share basis.

Despite the positive quarterly results, the stock performance of BCL Industries has been mixed. The company has delivered a 9.09% return in the last week but has faced challenges over a longer period, with a -16.89% return in the last six months and an -8.5% year-to-date return.

As of now, BCL Industries holds a market capitalization of ₹1791.94 Cr. The stock has seen a 52-week high of ₹86.3 and a low of ₹44.41, indicating a considerable range in its trading value over the past year.