GTN Industries Q1 results : profit at ₹0.45Cr, Revenue decreased by 6.23% YoY

GTN Industries Q1 Results Live : GTN Industries announced their Q1 results on 06 Aug, 2024, with a decrease in revenue by 6.23% Year-over-Year (YoY) amounting to ₹0.45cr in profit.

In the same period last fiscal year, GTN Industries had reported a loss of ₹2.31cr, making this quarter a significant turnaround for the company.

Comparing to the previous quarter, the revenue saw a growth of 15.35% indicating a positive trajectory for GTN Industries.

The Selling, general & administrative expenses showed a rise of 9.5% quarter-over-quarter (QoQ) but decreased by 1.01% Year-over-Year (YoY).

Operating income witnessed a substantial increase of 143.33% QoQ and 129.02% YoY, showcasing operational efficiency.

The Earnings Per Share (EPS) for Q1 stood at ₹0.26, marking a significant 119.75% increase YoY, reflecting growth in profitability.

Despite the positive financial results, GTN Industries has seen negative returns in various time frames - -4.51% in the last week, -20.76% in the last 6 months, and -27.5% Year-to-Date (YTD).

Currently, GTN Industries has a market capitalization of ₹62.79 Cr, with a 52-week high/low of ₹63 & ₹29.43 respectively.