Creative Newtech Q1 Results Downfall at Total Revenue of ₹301.01 crores & Net income ₹8.06 crores

Creative Newtech Growth Comparison 

Creative Newtech Q1 Results: Creative Newtech's Q1 results show significant changes in their financial performance when comparing different periods. In the quarter ending June 2024, the company reported total revenue of ₹301.01 crores, which is a decrease of 1.03% QoQ (quarter-on-quarter) from ₹397.14 crores in March 2023. This decline in revenue is also evident when looking at the YoY (year-over-year) comparison, as it dropped by 35.73% from ₹468.33 crores in June 2023. Operating income increased slightly by 17.93% YoY, rising to ₹7.77 crores from ₹6.59 crores in the same quarter last year, but the QoQ comparison shows a 31.96% decrease from ₹5.23 crores in the previous quarter.

The net income figures present a more concerning picture, as it fell 60.43% YoY from ₹4.93 crores last year to ₹8.06 crores this quarter. Furthermore, the diluted normalized EPS (earnings per share) shows a decline of 62.22% QoQ, dropping from ₹5.26 in March 2023 to ₹5.58 in June 2024. Overall, while there are some positive trends, the YoY comparisons highlight significant challenges for Creative Newtech.

Here’s a simple summary of Creative Newtech's Q1 results, presented in a table format:

(₹ in Crores)

Source: Here 

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Creative Newtech Q1 Results

Creative Newtech table shows the financial performance for different periods, including quarterly and yearly results. For the quarter ending June 30, 2024, the company's revenue from operations was ₹27,727.44 million, slightly lower than the previous quarter, which was ₹27,771.27 million. The company also earned some additional income, like export incentives and other income, bringing the total income to ₹28,175.27 million.

Creative Newtech’s expenses of Creative Newtech are also listed, showing costs like purchases of stock, employee benefits, and other expenses. For the quarter ending June 30, 2024, total expenses were ₹27,492.71 million. After deducting expenses from total income, the profit before tax was ₹682.56 million. This is a decrease from ₹2,035.82 million in the previous quarter.

Creative Newtech After taxes, which were ₹171.22 million, the profit for the quarter was ₹511.34 million. This is less than the profit of ₹1,544.60 million from the previous quarter. The table also shows earnings per share, which is ₹3.62 for this quarter, down from ₹11.43 in the last quarter. Overall, Creative Newtech has seen a decline in profit and earnings compared to the previous quarter.

Here is the financial summary you provided, organized into a table format for better clarity:

(Rs. In Lacs)

Creative Newtech Stock Performance

Creative Newtech is a company with a market capitalization of ₹ 1,186 crore, which shows its overall value in the stock market. The current stock price is ₹ 840, while it has reached a high of ₹ 995 and a low of ₹ 506 over a certain period. The Price-to-Earnings (P/E) ratio is 23.0, indicating how much investors are willing to pay for each unit of earnings. The book value per share is ₹ 146, representing the company's net asset value. It offers a small dividend yield of 0.06%.

Here’s the financial summary you provided in a clear table format:

Quarterly Results 

Here’s the quarterly results for December 2023, March 2024, and June 2024:

(₹ in Crores)

About Creative Newtech 

Creative Newtech, founded in 1992, is a leading company known for providing innovative products that enhance user experiences. They offer a wide range of popular brands in areas like social media gadgets, consumer technology, electrical goods, and business solutions. Since 2016, Creative Newtech has partnered with Honeywell to improve product distribution in India and other countries.

Creative Newtech believes in strong values like innovation and integrity. Their goal is to introduce new technology into everyday life, making it easier and more enjoyable for everyone. They focus on creating unique solutions that help their clients and partners succeed.