Kratos Energy & Infrastructure Q1 Results Live: Loss Falls by 65.83% YoY

Kratos Energy & Infrastructure Q1 Results Live : Kratos Energy & Infrastructure declared their Q1 results on 08 Aug, 2024. The company's topline remained flat, with a 0% change in revenue compared to the same quarter last year. However, the loss decreased significantly by 65.83% YoY, indicating improved operational efficiency or cost management.

In comparison to the previous quarter, the revenue also showed no change, staying steady with a 0% decline. The loss, however, saw a dramatic reduction of 89.84% compared to the previous quarter, further highlighting a strong improvement in the company's financial health.

The Selling, General & Administrative (SG&A) expenses remained unchanged both on a quarter-on-quarter (q-o-q) and year-on-year (Y-o-Y) basis, reflecting consistent cost control measures.

Operating income showcased a mixed performance. It was down by 6.48% q-o-q, indicating some challenges in the company's operations during the quarter. Nevertheless, the operating income saw a significant increase of 81.12% YoY, suggesting a robust recovery and better operational management compared to the same period last year.

Earnings Per Share (EPS) for Q1 stood at ₹-0.48, which is an improvement of 65.54% YoY. This increase in EPS signals that the company is on a path to reducing its losses and potentially moving towards profitability in the future.