Sarthak Metals Q1 Results Live: Profit Falls by 73.8% YoY

Sarthak Metals Q1 Results Live : Sarthak Metals declared their Q1 results on 13 Aug, 2024, revealing a significant downturn in financial performance. The company's topline decreased by 50.35% year-over-year (YoY), while the profit saw an even steeper decline of 73.8% YoY. When compared to the previous quarter, revenue fell by 42.52%, and profit decreased by 18.96%.

The company's expenses also exhibited a downward trend. The Selling, General & Administrative (SG&A) expenses declined by 16.43% quarter-over-quarter (QoQ) and decreased by 8.88% YoY. This reduction in expenses, however, was not sufficient to offset the significant declines in revenue and profit.

Operating income for Sarthak Metals was down by 45.96% QoQ and decreased by a staggering 84.74% YoY, indicating a challenging business environment for the company. The Earnings Per Share (EPS) for Q1 stood at ₹1.02, marking a 73.53% drop YoY.

The company’s stock performance has mirrored its financial struggles. Sarthak Metals has delivered a -8.06% return over the last week, a -40.03% return over the last six months, and a -32.63% Year-To-Date (YTD) return.

As of now, Sarthak Metals has a market capitalization of ₹235.42 crore. The stock has traded within a 52-week high of ₹448 and a 52-week low of ₹170.15.