Esab India Q3 FY24 Results Live: Profit Rises by 4.52% YoY
Esab India, a leading company in the welding and cutting equipment industry, has declared their Q3 FY24 results on 08 Feb, 2024. The company has reported a significant increase in both revenue and profit compared to the same period last year.
The topline of Esab India witnessed a growth of 12.74% YoY, indicating a strong performance in the market. Additionally, the company’s profit also increased by 4.52% YoY, reflecting efficient cost management and improved operational efficiency.
However, the company experienced a decline in revenue by 0.56% and a decrease in profit by 1.2% compared to the previous quarter. This could be attributed to various factors such as market conditions, competition, and other external factors.
Esab India’s selling, general & administrative expenses rose by 15.22% q-o-q and increased by 28.71% Y-o-Y. This indicates increased expenditure on sales and marketing activities as well as administrative costs.
On the other hand, the operating income of Esab India was down by 1.61% q-o-q but increased by 10.29% Y-o-Y. This suggests that the company was able to maintain a stable operating performance, despite the challenges faced during the quarter.
The earnings per share (EPS) for Q3 FY24 stood at ₹24.66, representing a 4.54% increase YoY. This indicates improved profitability and shareholder value creation.
In terms of returns, Esab India has delivered a 3.29% return in the last 1 week, 23.56% return in the last 6 months, and -2.03% year-to-date (YTD) return. This reflects the company’s ability to generate consistent returns for its investors.
Currently, Esab India has a market capitalization of ₹8870.15 Cr and a 52-week high/low of ₹6585.95 and ₹3244.85, respectively. This demonstrates the company’s strong position in the market and investor confidence in its performance.
| Period | Q3 FY24 | Q2 FY24 | Q-o-Q Growth | Q3 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 301.45 | 303.14 | -0.56% | 267.39 | +12.74% |
| Selling/ General/ Admin Expenses Total | 30.13 | 26.15 | +15.22% | 23.41 | +28.71% |
| Depreciation/ Amortization | 3.52 | 3.4 | +3.53% | 2.93 | +20.14% |
| Total Operating Expense | 251.27 | 252.14 | -0.35% | 221.89 | +13.24% |
| Operating Income | 50.18 | 51 | -1.61% | 45.5 | +10.29% |
| Net Income Before Taxes | 51.11 | 52.05 | -1.81% | 48.57 | +5.23% |
| Net Income | 37.95 | 38.41 | -1.2% | 36.31 | +4.52% |
| Diluted Normalized EPS | 24.66 | 24.96 | -1.2% | 23.59 | +4.54% |
FAQs
Question : What is the Q3 FY24 profit/Loss as per company?
Ans : ₹37.95Cr
Question : What is Q3 FY24 revenue?
Ans : ₹301.45Cr
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Published: 10 Feb 2024, 03:43 AM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.