Hisar Spinning Mills Q1 results: Profit declines by how much?

BUSINESS: Hisar Spinning Mills Q1 Results Live: Hisar Spinning Mills announced its Q1 results on 14th August 2024. The company reported a year-on-year (YoY) decline in both revenue and profit. Topline declined by 0.85%, while profit witnessed a significant drop of 10.88% YoY. Compared to the previous quarter, revenue declined by 0.38% and profit decreased by 6.9%. The company’s selling, general and administrative expenses also showed mixed results. These expenses declined by 3.16% quarter-on-quarter (QoQ) but grew by 2.12% YoY. Operating income was also impacted similarly, declining by 3.19% QoQ and 6.38% YoY. Earnings per share (EPS) for Q1 stood at ₹1.75, reflecting a 10.71% decline YoY. This decline in EPS reflects an overall decrease in profitability for the company during this period. Despite these declines, Hisar Spinning Mills has returned 2.44% in the past week. However, the company has faced challenges in the long term, with a -7.87% return over the past 6 months and a 0% year-to-date (YTD) return. Currently, the market capitalization of Hisar Spinning Mills is ₹16.44 crore. The company’s stock has a 52-week high of ₹60.72 and a 52-week low of ₹36.60. These figures indicate market volatility over the past year.