Milkfood Q1 results : profit at ₹0.59Cr, Revenue increased by 1.68% YoY

Milkfood Q1 Results Live : Milkfood Q1 Results Live : Milkfood declared their Q1 results on 14 Aug, 2024. The topline increased by 1.68% and the profit came at ₹0.59cr. It is noteworthy that Milkfood had declared a loss of ₹1.38cr in the previous fiscal year during the same period. However, compared to the previous quarter, the revenue declined by 21.07%.

The company reported that selling, general, and administrative expenses declined by 3.61% quarter-on-quarter and decreased by 14.04% year-on-year. This reduction in expenses has contributed positively to their overall financial health.

Despite the decline in revenue on a quarterly basis, the operating income was down by 29.55% quarter-on-quarter but showed a significant increase of 302.88% year-on-year. This demonstrates the company’s improved operational efficiency compared to the same period last year.

The Earnings Per Share (EPS) for Q1 stood at ₹0.26, marking an impressive increase of 109.07% year-on-year. This increase in EPS indicates better profitability and value generation for shareholders.

In terms of stock performance, Milkfood has delivered a return of -0.12% in the last week, a substantial 40.1% return in the last 6 months, and a 30.18% year-to-date (YTD) return. These figures reflect the market's positive sentiment towards the company's growth and future prospects.

Currently, Milkfood has a market capitalization of ₹475.37 Cr. The stock’s 52-week high is ₹215.05, while the 52-week low is ₹122.5, showcasing the volatility and potential for growth within the year.