Ind-Swift Laboratories Q1 Results Live : profit falls by 94.57% YOY

Ind-Swift Laboratories Q1 Results Live : Ind-Swift Laboratories Q1 Results Live: Ind-Swift Laboratories declared their Q1 results on 12 Aug, 2024. The topline decreased by 89.31% and the profit decreased by 94.57% YoY. This has been a challenging quarter for the company as compared to the previous quarter with a revenue decline of 91.57% and a profit decrease of 99.61%.

The company also reported a significant reduction in Selling, General & Administrative expenses which declined by 84.49% quarter-on-quarter and decreased by 84.4% year-on-year. However, these cost-cutting measures were not enough to offset the decline in revenue and profit.

The operating income also took a hit, down by 102.97% q-o-q and decreased by 121.53% Y-o-Y, indicating severe operational challenges. This has been reflected in the Earnings Per Share (EPS) which stands at ₹0.16 for Q1, a decrease of 94.52% year-on-year.

Despite the dismal quarterly performance, Ind-Swift Laboratories has delivered -7.08% return in the last 1 week, 57.62% return in the last 6 months, and a 50.39% Year-To-Date (YTD) return. This indicates a mixed performance in the stock market over different timeframes.

Currently, Ind-Swift Laboratories has a market cap of ₹920.16 Cr with a 52-week high/low of ₹186 and ₹81.85 respectively. Investors will be keenly watching how the company navigates through these challenging times and whether it can stage a recovery in the coming quarters.