Galada Power & Telecom Q1 results: Profit falls by how much
BUSINESS: Galada Power & Telecom Q1 Results Live: Galada Power & Telecom announced its Q1 results on August 12, 2024, which revealed a massive drop in profitability. The company’s revenue remained unchanged, witnessing a 0% decrease year-on-year (YoY). However, profitability declined significantly by 98.75%, indicating a challenging quarter for the company. Comparing the previous quarter results, revenue also witnessed a 0% drop, while profitability decreased by 0%. This shows that the company is struggling to generate profits despite maintaining a stable topline. Selling, general, and administrative (SG&A) expenses witnessed a massive 125% increase quarter-on-quarter (QoQ) but decreased by 10% YoY. The sharp increase in quarterly expenses could be a major factor contributing to the drop in profitability.
Operating income declined sharply,
dropping 350% quarter-on-quarter and 101.2% year-on-year. This decline underscores the operational challenges faced by Galada Power & Telecom in the current economic environment. On the positive side, earnings per share (EPS) for the first quarter grew 101% year-on-year, reaching ₹22.7. This increase in EPS is an encouraging sign for shareholders, indicating the potential for future earnings growth. In previous periods, Galada Power & Telecom has delivered 0% returns in the last 1 week, 0% returns in the last 6 months, and 0% returns year-to-date (YTD). The stable returns despite a decline in profitability reflect overall financial stability. Currently, the market capitalization of Galada Power & Telecom is ₹2.12 crore with a 52-week high price of ₹322 and a 52-week low price of ₹195. The company’s market performance will be closely monitored by investors as it navigates these challenging times.
