Healthcare Global Enterprises Q1 Results Live: Profit Rise by 58.74% YoY

Healthcare Global Enterprises Q1 Results Live : Healthcare Global Enterprises declared their Q1 results on 08 Aug, 2024. The topline increased by 14.13% and the profit increased by 58.74% YoY. As compared to the previous quarter, the revenue grew by 6.37% while the profit decreased by 43.18%.

The company reported an increase in selling, general, and administrative expenses by 10.81% quarter-on-quarter and 10.74% year-on-year, reflecting ongoing investments and cost pressures.

Despite these expenses, the operating income showed robust growth, increasing by 33.03% YoY, although it saw a decline of 11.45% on a quarterly basis.

The Earnings Per Share (EPS) for Q1 stood at ₹0.86, marking a significant increase of 59.26% YoY, indicative of the company’s profitability and efficient operations.

Over the last week, Healthcare Global Enterprises has delivered a return of -0.58%. The stock has shown a return of -3.13% over the past six months and a year-to-date return of -2.19%.

Currently, Healthcare Global Enterprises boasts a market cap of ₹4981.69 Cr with a 52-week high of ₹401 and a 52-week low of ₹314.

As of 10 Aug, 2024, out of the 6 analysts covering the company, 5 analysts have given a Buy rating, and 1 analyst has given a Strong Buy rating.

The consensus recommendation as of 10 Aug, 2024, remains a Buy, reflecting strong investor confidence in the company's future performance.