DMCC Speciality Chemicals Q1 Results Live: Profit Falls by 56.32% YoY

DMCC Speciality Chemicals Q1 Results Live : DMCC Speciality Chemicals declared their Q1 results on 13 Aug, 2024. The company's topline saw a slight decline of 0.32% year-over-year (YoY), while the profit experienced a significant drop of 56.32% YoY. Compared to the previous quarter, revenue grew by 1.62%, but profit plummeted by 76.27%.

One of the key factors contributing to the decline in profitability is the rise in Selling, General & Administrative (SG&A) expenses. These expenses surged by 15.11% quarter-over-quarter (QoQ) and saw an increase of 16.47% YoY.

Despite the challenges, the company's operating income showed some resilience with a 52.21% increase QoQ. However, on a YoY basis, operating income decreased by 36.67%, reflecting the broader struggles in maintaining profitability.

Earnings per Share (EPS) for Q1 stood at ₹0.55, which represents a 56.35% decline YoY. This decline in EPS underscores the significant impact of the increased expenses and reduced profits on shareholder value.

In terms of market performance, DMCC Speciality Chemicals has delivered a 4.26% return over the past week. However, the stock has faced challenges in the longer term, with a -1.28% return over the last six months and a -11.73% year-to-date (YTD) return.

Currently, DMCC Speciality Chemicals has a market capitalization of ₹729.87 Cr. The stock's 52-week high and low are ₹380 and ₹245.25, respectively, indicating significant volatility over the past year.