Responsive Industries Q1 Results Live: Profit Rise by 63.9% YoY

Responsive Industries Q1 Results Live : Responsive Industries Q1 Results Live: Responsive Industries declared their Q1 results on 12 Aug, 2024. The topline increased by 21.56% and the profit increased by 63.9% YoY. As compared to the previous quarter, the revenue grew by 11.01% and the profit increased by 5.47%.

The company reported a significant decline in Selling, General & Administrative (SG&A) expenses which fell by 18.5% quarter-on-quarter (QoQ). However, on a year-on-year (YoY) basis, SG&A expenses increased by 35.13%. This reduction in quarterly expenses positively impacted the bottom line.

Operating income showed a robust performance, climbing by 17.85% QoQ and surging by 58.74% YoY. This strong operational efficiency underscores the company's ability to manage costs effectively while growing its revenue base.

The Earnings Per Share (EPS) for Q1 stands at ₹1.81, marking an impressive increase of 58.77% YoY. This indicates a strong return on equity for shareholders and reflects the company's profitable growth trajectory.

Responsive Industries has delivered a 5.24% return over the last week. However, the stock has faced challenges over longer periods, with a -1.99% return in the last 6 months and a -7.55% Year-to-Date (YTD) return.

Currently, Responsive Industries has a market cap of ₹7555.69 Cr. The stock has a 52-week high of ₹364.95 and a 52-week low of ₹221.6, indicating some volatility in the stock price over the past year.