Commercial Syn Bags Q1 Results Live: Profit Falls by 23.95% YoY

Commercial Syn Bags Q1 Results Live : Commercial Syn Bags declared their Q1 results on 14 August, 2024. The company reported a year-over-year decrease in revenue by 3.25%, while the profit fell significantly by 23.95% YoY. Despite the yearly decline, revenue showed a quarter-over-quarter increase of 10.43%, although profit continued to drop by 39.82% compared to the previous quarter.

The company faced rising costs, as evidenced by the Selling, General & Administrative (SG&A) expenses, which rose by 0.34% quarter-over-quarter and surged by 19.23% year-over-year. This escalation in expenses has put additional pressure on the company's profitability.

Operating income also took a hit, decreasing by 34.63% on a quarterly basis and falling by 2.02% on a year-over-year basis. This decline reflects the challenges the company is facing in maintaining its operational efficiency amidst rising costs.

Earnings per share (EPS) stood at ₹0.48 for Q1, marking a 25% decrease year-over-year. This drop in EPS is indicative of the overall decline in profitability that the company is experiencing.

As of now, Commercial Syn Bags has a market capitalization of ₹259.69 Cr. The company's stock has seen a 52-week high of ₹111.8 and a low of ₹58, highlighting the volatility in its market performance over the past year.