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% |
