Mindteck India Q1 Results Live: Profit Rises by 2.41% YoY

Mindteck India Q1 Results Live : Mindteck India declared their Q1 results on 08 Aug, 2024. The topline increased by 15.78% year-over-year (YoY) and the profit increased by 2.41% YoY. As compared to the previous quarter, the revenue grew by 10.47%, although the profit saw a slight decline of 1.54%.

The company's Selling, General & Administrative (SG&A) expenses rose marginally by 0.07% quarter-over-quarter (QoQ) and saw a more significant increase of 6.16% on a year-over-year basis.

Operating income for the quarter was down by 3.91% QoQ and decreased by 5.25% YoY, reflecting some operational challenges.

Despite these mixed results, the Earnings Per Share (EPS) stood at ₹3.03 for Q1, marking a strong increase of 23.83% YoY.

In terms of stock performance, Mindteck India has delivered a -5.06% return in the last week, a stellar 82.01% return in the last 6 months, and a solid 79.41% Year-to-Date (YTD) return.

As of now, Mindteck India holds a market capitalization of ₹1069.04 Cr. The stock has seen a 52-week high of ₹460 and a low of ₹124.8, indicating substantial volatility and growth over the period.