MGF Q1 results : profit at ₹0.31Cr, Revenue increased by 16.89% YoY

MGF Q1 Results Live : MGF Q1 Results Live: MGF declared their Q1 results on 12 Aug, 2024. The topline increased by 16.89% and the profit came at ₹0.31 crore. It is noteworthy that MGF had declared a loss of ₹0 crore in the previous fiscal year same period. As compared to the previous quarter, the revenue grew by 5.6%.

The Selling, General & Administrative expenses declined by 8.87% quarter-on-quarter and decreased by 0.37% year-on-year. This indicates that the company has been able to manage its operational costs more efficiently.

The operating income, however, was down by 149.37% quarter-on-quarter but increased by 36.77% year-on-year. This mixed result highlights the volatility in the company's operational performance over different periods.

The Earnings Per Share (EPS) for Q1 is ₹0.08, which marks an astronomical increase of 15484.62% year-on-year. This significant rise in EPS underscores the company's improved profitability compared to the same period last year.

MGF has delivered a -0.23% return in the last 1 week, a -3.6% return in the last 6 months, and a 0.45% Year-to-Date (YTD) return. Despite the positive quarterly results, the company's stock performance over various time periods shows mixed trends.

Currently, MGF has a market capitalization of ₹148.21 crore and a 52-week high/low of ₹50.9 and ₹28.75 respectively. These figures provide a snapshot of the company's market standing and stock performance over the past year.