Hardwyn India Q1 Results Live: Profit Rise by 20.67% YOY

Hardwyn India Q1 Results Live : Hardwyn India Q1 Results Live: Hardwyn India declared their Q1 results on 14 Aug, 2024. The topline increased by 11.03% YoY, and the profit rose by an impressive 20.67% YoY. However, as compared to the previous quarter, the revenue declined by 7.3% and the profit decreased by a significant 59.79%.

The company's selling, general, and administrative expenses showed a mixed trend. These expenses declined by 2.23% on a quarter-on-quarter basis but surged by 24.63% year-on-year.

Operating income for Hardwyn India was down by 59.8% q-o-q, but on a YoY basis, it witnessed an increase of 31.81%. This mixed performance highlights the challenges and opportunities the company faced during the quarter.

Earnings per share (EPS) for the first quarter stood at ₹0.04, reflecting a 33.33% increase year-on-year. This increase in EPS is a positive indicator for the shareholders.

Despite the positive YoY growth in revenue and profit, the stock has delivered a negative return of -2.67% over the last week, -33.26% over the last six months, and -31.87% on a year-to-date basis. This performance indicates investor concerns and market volatility.

Currently, Hardwyn India has a market capitalization of ₹967.45 Cr, with a 52-week high of ₹52 and a low of ₹26. The market is closely watching how the company navigates its financial challenges and opportunities in the upcoming quarters.