TCI Express Q1 Results Live: Profit Falls by 31.02% YoY

TCI Express Q1 Results Live : TCI Express Q1 Results Live: TCI Express declared their Q1 results on 13 Aug, 2024. The topline decreased by 3.9% and the profit decreased by 31.02% year-over-year (YoY). As compared to the previous quarter, the revenue declined by 7.61% and the profit decreased by 29.41%.

The financials revealed an increase in Selling, General, and Administrative (SG&A) expenses. These expenses rose by 3.16% quarter-over-quarter (QoQ) and increased by 3.87% YoY, putting additional pressure on the company's profitability.

Operating income also witnessed a significant decline, dropping by 30.87% QoQ and decreasing by 33.84% YoY. This indicates challenges in maintaining operational efficiency amidst rising costs.

The Earnings Per Share (EPS) for Q1 stood at ₹5.8, marking a decrease of 30.95% YoY. This reduction in EPS reflects the company's struggle to generate consistent earnings for its shareholders.

In terms of market performance, TCI Express has delivered a negative return of -0.96% in the last week, -6.73% over the last six months, and a year-to-date (YTD) return of -17.85%. This declining trend is indicative of investor concerns over the company's recent performance.

Currently, TCI Express has a market capitalization of ₹4331.58 Cr. The stock's 52-week high is ₹1554.9, while its 52-week low stands at ₹997.85, showing significant volatility over the past year.

As of 14 Aug, 2024, analyst sentiment towards TCI Express varies. Out of 10 analysts covering the company, 1 has given a Sell rating, 2 have given a Hold rating, 2 have given a Buy rating, and 5 analysts have given a Strong Buy rating.

The consensus recommendation as of 14 Aug, 2024, is to Buy. Analysts believe that despite the current setbacks, TCI Express holds potential for future growth.