Panasonic Energy India Company Q1 Results Live: Profit Rise by 59.85% YOY

Panasonic Energy India Company Q1 Results Live : Panasonic Energy India Company declared their Q1 results on 12 Aug, 2024, revealing a mixed bag of financial performance. While the topline saw a decline of 18% year-over-year (YoY), the profit surged by an impressive 59.85% YoY.

In comparison to the previous quarter, the revenue declined by 13.14% whereas the profit saw a substantial increase of 287.23%. This stark contrast highlights the company’s ability to manage costs effectively amidst declining sales.

The Selling, General & Administrative (SG&A) expenses saw a decline of 15.27% quarter-over-quarter (QoQ) but increased by 17.4% YoY, indicating a focused effort to streamline operations and reduce costs in the short term.

Operating income was another bright spot, soaring by 1370.08% QoQ and increasing by 56.17% YoY, showcasing robust operational efficiency and effective cost management strategies.

The Earnings Per Share (EPS) for Q1 stood at ₹5.52, marking a 60% increase YoY, further reflecting the company's strong profitability.

In terms of stock performance, Panasonic Energy India Company has delivered a 6.95% return in the last week, 23.99% return in the last six months, and a 30.39% Year-To-Date (YTD) return, indicating strong investor confidence.

Currently, Panasonic Energy India Company has a market capitalization of ₹406.27 Cr. The company’s 52-week high and low stand at ₹615 and ₹291.8 respectively, signifying its robust market position.