Gravita India Q4 Results Live : profit rise by 8.1% YOY
Gravita India Q4 Results Live : Gravita India announced their Q4 results on 30 Apr, 2024, revealing a significant growth in both revenue and profit. The company’s top line increased by 15.29% year-over-year, while the profit saw a rise of 8.1% compared to the same quarter last year.
In comparison to the previous quarter, Gravita India experienced a 13.94% growth in revenue and a notable 16.38% increase in profit.
The Selling, general & administrative expenses showed a decline of 19.02% quarter-over-quarter and a decrease of 22.32% year-over-year.
Despite a 16.33% decrease in operating income quarter-over-quarter, there was a positive 5.65% growth in operating income year-over-year.
The company reported an Earnings Per Share (EPS) of ₹9.92 for Q4, representing a 5.15% increase year-over-year.
Gravita India’s stock performance in the market showed a 0.66% return in the last 1 week, -1.73% return in the last 6 months, and -10.78% year-to-date return.
Currently, Gravita India has a market capitalization of ₹6653.77 Cr with a 52-week high/low of ₹1166 & ₹506.75 respectively.
All 3 analysts covering the company as of 03 May, 2024 have given a Strong Buy rating, indicating positive sentiment towards Gravita India.
The consensus recommendation as of 03 May, 2024 was also to Strong Buy the company’s stock.
Additionally, Gravita India declared a final dividend of ₹5.2 with an ex-dividend date set for 14 May, 2024, rewarding its shareholders.
| Period | Q4 | Q3 | Q-o-Q Growth | Q4 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 863.41 | 757.77 | +13.94% | 748.93 | +15.29% |
| Selling/ General/ Admin Expenses Total | 27.08 | 33.44 | -19.02% | 34.86 | -22.32% |
| Depreciation/ Amortization | 12.48 | 9.02 | +38.36% | 6.92 | +80.35% |
| Total Operating Expense | 803.73 | 686.44 | +17.09% | 692.44 | +16.07% |
| Operating Income | 59.68 | 71.33 | -16.33% | 56.49 | +5.65% |
| Net Income Before Taxes | 72.22 | 72.77 | -0.76% | 69.77 | +3.51% |
| Net Income | 68.98 | 59.27 | +16.38% | 63.81 | +8.1% |
| Diluted Normalized EPS | 9.92 | 8.74 | +13.5% | 9.43 | +5.15% |
FAQs
Question : What is the Q4 profit/Loss as per company?
Ans : ₹68.98Cr
Question : What is Q4 revenue?
Ans : ₹863.41Cr
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Published: 03 May 2024, 02:33 AM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.