MK Ventures Capital Q1 Results Live: Profit Falls by 5.46% YoY

MK Ventures Capital Q1 Results Live : MK Ventures Capital Q1 Results Live: MK Ventures Capital declared their Q1 results on 09 Aug, 2024. The topline decreased by 39.22% & the profit decreased by 5.46% YoY. As compared to the previous quarter, the revenue declined by 9.02% and the profit decreased by 12.4%.

The Selling, general & administrative expenses declined by 24.68% quarter-on-quarter (q-o-q) but increased by 18.05% year-on-year (Y-o-Y). This indicates a significant reduction in expenses over the last quarter, although the yearly comparison shows an upward trend.

The operating income was down by 10.23% q-o-q and decreased by 10.5% Y-o-Y. This decline in operating income reflects the company's ongoing challenges in maintaining its operational profitability.

The Earnings Per Share (EPS) for Q1 stands at ₹13.44, which represents a decrease of 6.47% Y-o-Y. The drop in EPS is a concern for investors looking for consistent returns.

In terms of stock performance, MK Ventures Capital has delivered a -5.87% return in the last week, a 19.27% return in the last 6 months, and a remarkable 94.6% Year-To-Date (YTD) return. Despite the recent decline, the YTD performance indicates strong growth over the year.

Currently, MK Ventures Capital has a market cap of ₹776.61 Cr. The company's 52-week high is ₹2800, and the 52-week low is ₹1000, showing significant volatility in its stock price over the past year.