Nirlon Q1 Results Live: Profit Rise by 0.1% YoY

Nirlon Q1 Results Live : Nirlon declared their Q1 results on 12 Aug, 2024, showcasing a mixed performance. The company's topline increased by 5.56% year-over-year (YoY), while the profit saw a slight rise of 0.1% YoY. Compared to the previous quarter, the revenue grew by 2.05%, but the profit decreased by 2.63%.

The company's selling, general, and administrative expenses (SG&A) rose significantly by 8.53% quarter-over-quarter (q-o-q) and saw a modest increase of 0.06% YoY. This indicates a higher cost of operations, potentially impacting the company's profitability in the short term.

Despite the increase in expenses, Nirlon's operating income showed positive growth, rising by 2.85% q-o-q and increasing by 6.16% YoY. This suggests that the company has managed to improve its operational efficiency over the period.

Earnings per share (EPS) for Q1 stood at ₹5.53, marking a slight increase of 0.18% YoY. This is a positive sign for investors, indicating steady earnings growth.

In terms of stock performance, Nirlon has delivered a 0.82% return in the last week, a -2.78% return over the last six months, and a 2.97% year-to-date (YTD) return. The varied performance highlights market volatility and investor sentiment towards the stock.

Nirlon currently holds a market capitalization of ₹3822.81 Crore. The stock's 52-week high is ₹475.05, while its 52-week low is ₹381, reflecting the stock's range of trading over the past year.