IVP Q1 Results Live: Profit Rise by 188.24% YOY

IVP Q1 Results Live : IVP declared their Q1 results on 08 Aug, 2024. The company's topline decreased by 0.95% year-over-year, while the profit saw a significant rise of 188.24% YoY. Comparatively, the revenue declined by 2.79% from the previous quarter, and the profit decreased by 27.64% quarter-over-quarter.

The Selling, General & Administrative (SG&A) expenses rose by 4.24% q-o-q and increased by 5.05% Y-o-Y, indicating a rise in operational costs.

Despite these challenges, the operating income was down by 26.92% q-o-q but increased by 53.82% Y-o-Y, showcasing improved operational efficiency over the year.

Earnings per Share (EPS) for Q1 stood at ₹3.32, marking a substantial increase of 188.7% YoY, reflecting the company's strong profitability.

In terms of stock performance, IVP has delivered a -2.58% return in the last week, -19.94% return in the last six months, and a -13.66% YTD return, highlighting a challenging period for investors.

Currently, IVP has a market cap of ₹200.11 Cr, with a 52-week high of ₹290 and a low of ₹134.35.