IEL Q4 results : profit at ₹0.14Cr, Revenue increased by 5898.75% YoY

IEL Q4 Results Live : IEL announced their Q4 results on 22 Apr, 2024, showcasing a remarkable performance. The company's revenue surged by an impressive 5898.75% year-over-year, reaching a significant high.

The profit for the quarter stood at ₹0.14 crore, marking a substantial improvement from the loss of ₹0.04 crore reported in the same period last fiscal year.

Compared to the previous quarter, IEL witnessed a strong revenue growth of 66.19%, indicating a positive trend in its financials.

Despite a stagnant performance in Selling, general & administrative expenses quarter-on-quarter, there was a slight increase of 0.19% year-on-year.

The operating income saw a notable uptick, rising by 40.88% sequentially and 120.25% year-on-year, reflecting efficient cost management and improved operational efficiency.

Earnings Per Share (EPS) for the quarter stood at ₹0.04, showcasing a significant increase of 396.67% year-on-year, indicating enhanced profitability per share for investors.

In terms of returns, IEL delivered 3.5% return in the last week, while showing negative returns of -34.53% in the last 6 months and -25.87% year-to-date, highlighting the volatile nature of the market.

Currently, IEL commands a market capitalization of ₹25.63 crore, with a 52-week high/low of ₹20.59 and ₹6.69 respectively, showcasing fluctuations in its stock performance.