Ravindra Energy Q1 Results Live : profit rise by 61.84% YOY
Ravindra Energy Q1 Results Live : Revenue decreased by 60.7% YoY & profit increased by 61.84% YoY
Ravindra Energy Q1 Results Live : Ravindra Energy announced their Q1 results on 05 Aug, 2024, revealing a significant decrease in revenue by 60.7% year-over-year. However, the company managed to increase its profit by an impressive 61.84% compared to the same quarter last year.
In comparison to the previous quarter, Ravindra Energy saw a decline of 24.6% in revenue but a substantial increase of 108.78% in profit.
The Selling, general & administrative expenses showed a decline of 6.59% quarter-over-quarter and an increase of 20.97% year-over-year.
Furthermore, the operating income witnessed a remarkable increase of 119.27% sequentially and 47.4% year-over-year, indicating operational efficiency and growth for the company.
Despite these positive results, the Earnings Per Share (EPS) for Q1 stood at ₹0.01, reflecting a significant decrease of 97.17% year-over-year.
Currently, Ravindra Energy boasts a market capitalization of ₹1178.16 Cr with a 52-week high/low of ₹91.49 and ₹75.38 respectively.
Ravindra Energy Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 22.71 | 30.12 | -24.6% | 57.78 | -60.7% |
| Selling/ General/ Admin Expenses Total | 1.89 | 2.02 | -6.59% | 1.56 | +20.97% |
| Depreciation/ Amortization | 3.41 | 3.23 | +5.47% | 3.1 | +10% |
| Total Operating Expense | 11.31 | 89.31 | -87.34% | 50.04 | -77.41% |
| Operating Income | 11.4 | -59.19 | +119.27% | 7.74 | +47.4% |
| Net Income Before Taxes | 7.79 | -62.4 | +112.49% | 6.36 | +22.64% |
| Net Income | 5.58 | -63.62 | +108.78% | 3.45 | +61.84% |
| Diluted Normalized EPS | 0.01 | -1.45 | +100.51% | 0.26 | -97.17% |
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First Published:6 Aug 2024, 11:25 AM IST
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