Tide Water Oil India Q1 Results Live: Profit Rise by 18.98% YoY

Tide Water Oil India Q1 Results Live : Tide Water Oil India declared its Q1 results on 13 Aug, 2024. The company reported a modest increase in topline revenue by 1.08% year-over-year (YoY), while its profit saw a significant surge of 18.98% YoY. However, on a quarter-over-quarter (QoQ) basis, the company's revenue declined by 1.63%, and the profit decreased by 13.54%.

The company's Selling, General & Administrative (SG&A) expenses rose by 3.87% QoQ and saw a substantial increase of 10.82% YoY. This increase in expenses has impacted the operating income, which was down by 16.52% QoQ but managed to increase by 4.46% YoY.

Earnings per share (EPS) for Q1 stood at ₹21.84, marking an increase of 19.02% YoY. This improvement in EPS reflects the company's enhanced profitability despite the challenges faced in the recent quarter.

In terms of market performance, Tide Water Oil India has delivered a -2.96% return in the last week, a remarkable 48.04% return in the last six months, and an impressive 67.99% year-to-date (YTD) return. These figures highlight the company's strong market presence and investor confidence.

Currently, Tide Water Oil India has a market capitalization of ₹4037.3 crore. The stock has experienced a 52-week high of ₹2783.9 and a low of ₹1108.25, indicating significant volatility and investor activity over the past year.