Suraj Products Q1 Results Live: profit falls by 20.05% YOY

Suraj Products Q1 Results Live : Suraj Products declared their Q1 results on August 10, 2024, revealing a challenging quarter for the company. The topline saw a significant decrease of 16.7% year-over-year (YoY), while the profit plummeted by 20.05% YoY. Despite these numbers, there was a slight improvement compared to the previous quarter, with revenue growing by 0.59% and profit increasing by 15.21%.

The company's Selling, General & Administrative (SG&A) expenses showed a mixed trend. While there was a decline of 11.83% quarter-over-quarter (QoQ), the expenses increased by 14.37% on a year-over-year basis. This fluctuation highlights the company's ongoing efforts to manage costs effectively, although the year-over-year increase suggests persistent challenges in controlling expenses.

Operating income for Suraj Products showed a modest improvement of 3.55% QoQ but faced a significant drop of 26.4% YoY. This indicates that while the company is making strides in operational efficiency on a quarterly basis, it is still grappling with broader year-over-year declines.

Earnings Per Share (EPS) for Q1 stood at ₹5.88, marking a decrease of 20.11% YoY. This decline in EPS mirrors the overall reduction in profitability and highlights the challenging market conditions faced by the company.

In terms of stock performance, Suraj Products has delivered a -4.33% return over the past week. However, the stock has shown remarkable resilience over a longer period, with a 25.08% return in the last six months and a substantial 48.5% year-to-date (YTD) return.

Currently, Suraj Products boasts a market capitalization of ₹695.12 crore. The stock has experienced significant volatility over the past year, with a 52-week high of ₹951 and a 52-week low of ₹233.55. These figures underscore the stock's dynamic performance and the high level of investor interest in the company.