Max India Q1 Results Live: Loss Rise by 120.88% YoY

Max India Q1 Results Live : Max India Q1 Results Live: Max India declared their Q1 results on 14 Aug, 2024. The company's topline, or revenue, saw a significant decrease of 34.94% year-over-year. Simultaneously, the net loss for the quarter increased by a staggering 120.88% YoY, highlighting substantial financial challenges for the company.

Comparing the current quarter to the previous one, the revenue declined by 41.25%, while the loss increased by 25.03%. This sequential decline further underscores the tough operating environment Max India is navigating.

The company's Selling, General & Administrative (SG&A) expenses exhibited mixed results. On a quarter-over-quarter basis, these expenses declined by 1.98%. However, when compared year-over-year, SG&A expenses increased by 34.9%, indicating rising cost pressures.

Operating income for the quarter also painted a bleak picture. It was down by 37.79% compared to the previous quarter and decreased by a significant 114.04% year-over-year, reflecting the operational difficulties faced by Max India.

The Earnings Per Share (EPS) for Q1 stood at ₹-6.25, which is a decrease of 120.26% YoY. This negative EPS further highlights the company's deteriorating profitability.

In terms of stock performance, Max India has delivered a return of -0.08% in the last week. However, looking at a broader timeframe, the company has provided a 63.41% return over the past six months and an impressive 93.6% year-to-date (YTD) return.

Currently, Max India has a market capitalization of ₹1363.98 Cr. The company's stock has a 52-week high of ₹338 and a 52-week low of ₹129.3, reflecting significant volatility in its share price over the past year.