Dai Ichi Karkaria Q1 results : profit at ₹0.43Cr, Revenue increased by 21.54% YoY

Dai Ichi Karkaria Q1 Results Live : Dai Ichi Karkaria Q1 Results Live: Dai Ichi Karkaria declared their Q1 results on 09 Aug, 2024. The topline increased by 21.54% year-over-year, with the company reporting a profit of ₹0.43 crore. This is a significant turnaround compared to the same period in the previous fiscal year, where the company had declared a loss of ₹2.9 crore. Sequentially, revenue grew by 1.38% from the previous quarter.

The company's selling, general, and administrative expenses rose by 3.19% quarter-over-quarter and increased by 18.53% year-over-year. This rise in expenses has impacted the overall profitability metrics.

Operating income for the quarter was down by 210% quarter-over-quarter but showed an impressive increase of 80.84% year-over-year. This mixed performance highlights both the challenges and potential upside in the company's operational efficiency.

Earnings per share (EPS) for Q1 stood at ₹0.57, reflecting a substantial increase of 114.65% year-over-year. This increase in EPS is a positive indicator for shareholders, showcasing improved profitability on a per-share basis.

In terms of stock performance, Dai Ichi Karkaria has delivered a -9.22% return over the past week. However, the stock has shown robust performance over a longer horizon, with a 55.19% return over the last six months and an impressive 85.96% year-to-date return.

Currently, Dai Ichi Karkaria has a market capitalization of ₹528.81 crore. The stock's 52-week high and low stand at ₹799.2 and ₹326.65, respectively, indicating significant volatility and potential for growth.