STARTECK Q3 FY24 Results Live : profit rise by 22.55% YOY
STARTECK, a leading company, announced their Q3 FY24 results on 14 Feb, 2024. The topline saw a notable increase of 9.26% compared to the same quarter last year. The profit also showed a significant rise of 22.55% year-over-year.
However, in comparison to the previous quarter, STARTECK experienced a decline of 40.09% in revenue and a substantial decrease of 62.98% in profit.
The Selling, general & administrative expenses witnessed a decrease of 17.4% quarter-over-quarter but surged by 46.56% year-over-year, indicating improved cost management strategies.
Additionally, the operating income took a hit, falling by 44.37% sequentially, but showed a modest increase of 3.95% year-over-year.
Earnings per share (EPS) for Q3 FY24 stood at ₹2.77, marking a 22.57% increase from the previous year, reflecting positively on the company’s profitability.
STARTECK’s stock performance in the market has been mixed, with a -4.17% return in the last week, a significant 92.88% return in the last six months, and a YTD return of -12.49%.
Currently, STARTECK boasts a market capitalization of ₹304.89 Cr and has a 52-week high/low of ₹412.3 and ₹101.35 respectively, showcasing its stability in the market.
| Period | Q3 FY24 | Q2 FY24 | Q-o-Q Growth | Q3 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 7.39 | 12.33 | -40.09% | 6.76 | +9.26% |
| Selling/ General/ Admin Expenses Total | 0.51 | 0.61 | -17.4% | 0.35 | +46.56% |
| Total Operating Expense | 1.16 | 1.13 | +2.14% | 0.77 | +50.65% |
| Operating Income | 6.23 | 11.2 | -44.37% | 5.99 | +3.95% |
| Net Income Before Taxes | 3.37 | 8.21 | -58.99% | 2.8 | +20.08% |
| Net Income | 2.75 | 7.42 | -62.98% | 2.24 | +22.55% |
| Diluted Normalized EPS | 2.77 | 7.49 | -63.02% | 2.26 | +22.57% |
FAQs
Question : What is the Q3 FY24 profit/Loss as per company?
Ans : ₹2.75Cr
Question : What is Q3 FY24 revenue?
Ans : ₹7.39Cr
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Published: 17 Feb 2024, 03:04 AM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.