Pavana Industries Q1 results: How much did the profit fall? Know here

Business: Pavan Industries Q1 Results announced its Q1 results on August 14, 2024. Topline declined by 0.72% year-on-year (YoY) and profit declined significantly by 36.22%. Compared to the previous quarter, revenue declined by 3.21% and profit decreased by 23.82%. The company faced rising costs as selling, general and administrative (SG&A) expenses increased by 7.75% quarter-on-quarter (q-o-q) and increased by 3.78% YoY. These rising costs have put additional pressure on the company’s profitability. Operating income also declined, declining by 18.45% quarter-on-quarter and 1.23% YoY. This decline in operating income reflects the challenges being faced by the company in its core operations. Earnings per share (EPS) for the first quarter stood at ₹1.83, representing a decrease of 36.32% compared to the year-ago period. This decline in EPS is indicative of an overall deterioration in the company’s financial performance. Pavana Industries has returned -2.24% in the past week, -13.93% in the past six months, but has returned 5.28% year-to-date (YTD). These mixed returns reflect the fluctuating performance of the stock market. Currently, Pavana Industries has a market capitalization of ₹526.4 crore. The company’s 52-week high is ₹640.85, while its 52-week low is ₹315, indicating significant volatility in its share price over the past one year.