Kanco Tea & Industries Q1 Results Live : Kanco Tea & Industries declared their Q1 results on 09 Aug, 2024, revealing a significant downturn in performance. The company’s revenue decreased by 42.64% year-over-year (YoY), while the profit plummeted by 56.25% YoY.
Despite the YoY decline, there was a marked improvement in the company’s performance compared to the previous quarter. The revenue grew by an impressive 304.33%, and the profit increased by 110.55% quarter-over-quarter (QoQ).
The company’s Selling, General & Administrative (SG&A) expenses rose by 18.91% QoQ, but decreased by 10.85% YoY. This indicates that while the company is managing its expenses better year over year, there was a rise in costs on a quarterly basis.
Operating income showed a similar trend, increasing by 111.46% QoQ but decreasing by 38.94% YoY. The mixed performance suggests that while the company is recovering on a quarterly basis, it is still struggling to match last year’s levels.
Earnings per share (EPS) for Q1 stood at ₹1.91, reflecting a 56.29% decrease YoY. This decline in EPS is in line with the overall drop in profitability.
In terms of stock performance, Kanco Tea & Industries has delivered a -0.61% return in the past week, a -5.52% return over the last six months, and a -1.27% year-to-date (YTD) return. These figures highlight the ongoing challenges the company faces in the market.
Currently, Kanco Tea & Industries has a market capitalization of ₹38.67 Cr, with a 52-week high of ₹87.55 and a 52-week low of ₹62. These metrics provide a snapshot of the company’s market position and its recent stock performance.
Kanco Tea & Industries Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 13.06 | 3.23 | +304.33% | 22.77 | -42.64% |
| Selling/ General/ Admin Expenses Total | 10.44 | 8.78 | +18.91% | 11.71 | -10.85% |
| Depreciation/ Amortization | 0.65 | 0.63 | +3.17% | 0.68 | -4.41% |
| Total Operating Expense | 11.79 | 14.31 | -17.61% | 20.69 | -43.02% |
| Operating Income | 1.27 | -11.08 | +111.46% | 2.08 | -38.94% |
| Net Income Before Taxes | 1.01 | -9.15 | +111.04% | 2.3 | -56.09% |
| Net Income | 0.98 | -9.29 | +110.55% | 2.24 | -56.25% |
| Diluted Normalized EPS | 1.91 | -18.13 | +110.54% | 4.37 | -56.29% |