Sakuma Exports Q1 results: How much did the profit increase? Know here

BUSINESS: Sakuma Exports Q1 Results announced its Q1 results on August 14, 2024, showing a strong performance with significant year-on-year growth. The company’s topline grew by 53.38%, while profits grew by 19.09%. However, compared to the previous quarter, revenues saw a substantial increase of 47.83%, but profits declined by a massive 78.14%. The company’s selling, general, and administrative (SG&A) expenses saw a marginal increase of 2.74% quarter-on-quarter and a marginal increase of 0.8% year-on-year. Despite the rise in expenses, Sakuma Exports managed to maintain a positive growth trajectory. Operating income for the quarter declined by 62.08% compared to the previous quarter, but it recorded an impressive growth of 124.47% on a year-on-year basis. This shows a significant improvement in the company’s operational efficiency compared to the previous year. Earnings per share (EPS) for the first quarter stood at ₹0.04, reflecting a decrease of 80.93% compared to the previous year. This decline in EPS is a concern for investors, although overall profitability and revenue growth provide a positive outlook. Sakuma Exports has delivered remarkable returns to its shareholders, with a 44.35% return in the last week, a 64.94% return in the last 6 months and a remarkable 154.15% year-to-date (YTD) return. These figures highlight the company’s strong performance in the stock market. So far, Sakuma Exports has a market capitalization of ₹1410.22 crore. The company’s stock has a 52-week high price of ₹10.3 and a lowest price of ₹2.97, indicating significant volatility and growth potential in its share price.