Ace Men Engineering Works Q3 FY24 Results Live : profit falls by 53.56% YOY
Ace Men Engineering Works announced their Q3 FY24 results on 20 Feb, 2024. The company experienced a significant decline in revenue, with a decrease of 100% year-over-year. Additionally, the profit also took a hit, falling by 53.56% compared to the same period last year.
In comparison to the previous quarter, Ace Men Engineering Works saw no change in revenue, but a notable increase of 50.51% in profit.
However, the company faced challenges with a substantial rise in Selling, General & Administrative expenses, which increased by 12.69% quarter-over-quarter and a staggering 217.89% year-over-year.
Despite this, the operating income showed a slight improvement, rising by 9.21% from the previous quarter. However, it still saw a significant decline of 143.86% year-over-year.
The Earnings Per Share (EPS) for Q3 FY24 stood at ₹0.19, reflecting a decrease of 53.42% year-over-year for Ace Men Engineering Works.
| Period | Q3 FY24 | Q2 FY24 | Q-o-Q Growth | Q3 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 0 | 0 | -0% | 1.07 | -100% |
| Selling/ General/ Admin Expenses Total | 0.03 | 0.03 | +12.69% | 0.01 | +217.89% |
| Total Operating Expense | 0.07 | 0.08 | -9.21% | 0.9 | -91.83% |
| Operating Income | -0.07 | -0.08 | +9.21% | 0.17 | -143.86% |
| Net Income Before Taxes | 0.07 | 0.05 | +48.66% | 0.17 | -57.21% |
| Net Income | 0.06 | 0.04 | +50.51% | 0.13 | -53.56% |
| Diluted Normalized EPS | 0.19 | 0.13 | +46.15% | 0.41 | -53.42% |
FAQs
Question : What is the Q3 FY24 profit/Loss as per company?
Ans : ₹0.06Cr
Question : What is Q3 FY24 revenue?
Ans : ₹0Cr
Stay updated on quarterly results with our results calendar
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just a click away! Login Now!
Download Finplay News App to get Daily Market Updates & Live Business News.
More
Less
Published: 23 Feb 2024, 03:36 AM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.