Hercules Hoists Q1 Results Live: Profit Rise by 23.5% YoY

Hercules Hoists Q1 Results Live : Hercules Hoists Q1 Results Live: Hercules Hoists declared their Q1 results on 12 Aug, 2024. The topline decreased by 7.09% while the profit increased by 23.5% year-over-year (YoY). Compared to the previous quarter, the revenue declined significantly by 33.44% and the profit decreased by 49.9%.

The company's Selling, General & Administrative (SG&A) expenses showed a downward trend, declining by 6.53% quarter-over-quarter (QoQ) and by 7.22% year-over-year (YoY). This reduction in operational costs has been a contributing factor to the rise in profitability despite the dip in revenue.

Operating income presented a mixed bag, showing a massive drop of 63.6% QoQ but an encouraging increase of 27.64% YoY. This divergence highlights the challenging market conditions faced in the recent quarter compared to the same period last year.

Earnings Per Share (EPS) for Q1 stood at ₹1.86, reflecting a 24% increase YoY. The company’s performance in the stock market has been notable, delivering a return of 3.5% in the last week, 31.4% over the last 6 months, and a robust 65.84% Year-to-Date (YTD) return.

Currently, Hercules Hoists holds a market cap of ₹1864 Cr. The stock has a 52-week high of ₹656 and a 52-week low of ₹285.9. Investors have shown confidence in the company's long-term growth potential, as evidenced by its strong YTD performance.