Kanco Tea & Industries Q1 Results Live: Kanco Tea & Industries announced its Q1 results on August 9, 2024, revealing a significant decline in performance. The company’s revenue declined 42.64% year-on-year (YoY), while profits plummeted 56.25% YoY.
Despite the year-on-year decline, the company’s performance improved significantly compared to the previous quarter. Revenue grew by an impressive 304.33% and profits increased by 110.55% on a quarter-on-quarter (QoQ) basis.
The company’s selling, general, and administrative (SG&A) expenses increased 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 an increase in costs on a quarterly basis.
Operating income showed a similar trend, increasing 111.46% QoQ but decreasing 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 the first quarter came in at ₹1.91, reflecting a year-over-year decrease of 56.29%. This decline in earnings per share is in line with the overall decline in profitability.
In terms of stock performance, Kanco Tea & Industries has returned -0.61% over the past week, -5.52% over the past six months and -1.27% so far this year. These figures highlight the current challenges the company is facing in the market.
Currently, Kanco Tea & Industries has a market capitalization of ₹38.67 Cr, with a maximum of 52 weeks 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 Financial Data
| Period | Q1 | Q4 | Quarterly growth | Q1 | Year-on-year growth |
|---|---|---|---|---|---|
| Total revenue | 13.06 | 3.23 | +304.33% | 22.77 | -42.64% |
| Total selling/general/administrative expenses | 10.44 | 8.78 | +18.91% | 11.71 | -10.85% |
| Depreciation/Amortization | 0.65 | 0.63 | +3.17% | 0.68 | -4.41% |
| Total operating expenses | 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% | 23 | -56.09% |
| Net income | 0.98 | -9.29 | +110.55% | 2.24 | -56.25% |
| Normalized diluted EPS | 1.91 | -18.13 | +110.54% | 4.37 | -56.29% |
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