Artson Engineering Q1 results : loss at ₹0.49Cr, Revenue decreased by 40.38% YoY

Artson Engineering Q1 results : loss at ₹0.49Cr, Revenue decreased by 40.38% YoY

Artson Engineering Q1 Results Live : Artson Engineering announced their Q1 results on 17 Jul, 2024, with a significant decrease in revenue by 40.38% compared to the same period last year. The company reported a loss of 0.49Cr for the quarter.

In the previous fiscal year same period, Artson Engineering had recorded a profit of 1.03cr, indicating a stark contrast in the financial performance.

Despite a slight growth of 0.39% in revenue compared to the previous quarter, the operating income saw a significant decline of 25.27% sequentially and 49.8% year-on-year.

The Selling, general & administrative expenses witnessed a notable increase of 11.29% quarter-on-quarter and 11.52% year-on-year, impacting the overall financials of the company.

The EPS for Q1 stands at -0.13, marking a substantial decrease of 146.43% year-on-year, reflecting the challenging market conditions faced by Artson Engineering.

Artson Engineering’s stock performance has been underwhelming, with a negative return of -0.96% in the last week, 0.37% in the last 6 months, and -7.96% year-to-date.

As of now, Artson Engineering holds a market cap of 608.63 Cr, with a 52-week high/low trading range of 218.1 and 88.04 respectively.

Artson Engineering Financials

Period Q1 Q4 Q-o-Q Growth Q1 Y-o-Y Growth
Total Revenue 24.97 24.88 +0.39% 41.89 -40.38%
Selling/ General/ Admin Expenses Total 4.09 3.67 +11.29% 3.67 +11.52%
Depreciation/ Amortization 0.63 0.54 +17.82% 0.35 +80.22%
Total Operating Expense 23.2 22.5 +3.1% 38.35 -39.51%
Operating Income 1.78 2.38 -25.27% 3.54 -49.8%
Net Income Before Taxes -0.69 0.2 -440.5% 0.82 -184.28%
Net Income -0.49 1.32 -137.42% 1.03 -147.86%
Diluted Normalized EPS -0.13 0.36 -136.11% 0.28 -146.43%
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#Artson #Engineering #results #loss #0.49Cr #Revenue #decreased #YoY

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