Electronics Mart India Q1 Results Live: Profit Rise by 20.3% YOY

Electronics Mart India Q1 Results Live : Electronics Mart India Q1 Results Live: Electronics Mart India declared their Q1 results on 09 Aug, 2024. The topline increased by 16.92% year-over-year (YoY) and the profit increased by 20.3% YoY. Compared to the previous quarter, the revenue grew by 32.15% and the profit surged by an impressive 78.77%.

The company's selling, general, and administrative expenses rose by 12.44% quarter-over-quarter (q-o-q) and increased by 19.82% YoY. Despite the rise in expenses, the operating income saw a significant boost, up by 57.83% q-o-q and increased by 17.37% YoY.

The earnings per share (EPS) for Q1 stands at ₹1.88, marking an increase of 19.75% YoY. This positive performance has been reflected in the company's stock returns, delivering a 1.41% return in the last week, though it has seen a -4.08% return over the last 6 months. Year-to-date (YTD) return is a favorable 8.99%.

Electronics Mart India currently holds a market capitalization of ₹8571.05 crore, with a 52-week high of ₹262 and a 52-week low of ₹113.05. This highlights the stock's volatility and potential for growth.

As of 11 Aug, 2024, out of four analysts covering the company, one analyst has given a 'Buy' rating while three analysts have given a 'Strong Buy' rating. The consensus recommendation remains a 'Strong Buy', reflecting strong confidence in the company's future performance.