Geekay Wires Q1 Results Total Income ₹98.71 Crores & Operating Income ₹5.75 Crores

Geekay Wires Q1 Results: For Q4, the total revenue of Geekay Wires was ₹98.71 crores, which is a 6.83% decrease compared to the previous quarter (QoQ) of ₹103.30 crores. This decline in revenue is also a 4.70% drop when compared to the same quarter last year (YoY), where the revenue was ₹103.58 crores.

Geekay Wires’ Looking at expenses, the selling, general, and administrative costs rose by 11.32% quarter-on-quarter to ₹4.56 crores from ₹3.69 crores in the previous quarter. Year-over-year, these expenses increased by 10.25% from ₹4.13 crores a year ago. Depreciation and amortization expenses also went up by 8.49% QoQ to ₹1.51 crores from ₹1.03 crores, and they saw a significant 34.59% increase YoY from ₹1.12 crores.

Geekay Wires’ Operating income dropped by 29.84% quarter-on-quarter to ₹5.75 crores from ₹9.45 crores. Year-over-year, this is a 44.21% decrease from ₹10.30 crores. Net income before taxes was ₹14.29 crores, showing a 3.26% decrease QoQ and a 19.40% drop YoY from ₹17.72 crores. Net income also fell by 5.74% quarter-on-quarter and 20.77% year-over-year, ending at ₹9.87 crores. The diluted normalized EPS decreased by 5.50% QoQ to ₹1.89 from ₹1.58 and dropped 20.63% YoY from ₹2.38.

Here is a simplified summary of Geekay Wires' Q4 financial results:

(Figures in Crores)

Source: Here 

For More Q1 Results check our Twitter Page

Visit our website for more Q1 results

Geekay Wires Q1 Results

Geekay Wires has shared its financial results for the quarter ending on June 30, 2024. The company has reported its revenue from two main sources: domestic and foreign operations. For this quarter, the total revenue from domestic operations was Rs. 5,594.71 lakhs, slightly down from Rs. 5,693.26 lakhs in the previous quarter but up from Rs. 4,085.70 lakhs a year ago. 

Geekay Wires’ Foreign revenue was Rs. 4,120.95 lakhs, compared to Rs. 4,177.89 lakhs last quarter and Rs. 5,694.75 lakhs a year earlier. This brings the total revenue for the quarter to Rs. 9,715.65 lakhs, which is a decrease from Rs. 9,871.15 lakhs in the last quarter but similar to Rs. 9,780.45 lakhs from the same quarter last year.

Geekay Wires also reported other income, with domestic sources bringing in Rs. 99.34 lakhs and foreign sources Rs. 752.34 lakhs. This leads to a total other income of Rs. 851.68 lakhs. Adding this to the revenue gives a total segment revenue of Rs. 10,567.33 lakhs.

Geekay Wires’ profit before tax for the quarter was Rs. 1,349.36 lakhs, compared to Rs. 1,428.50 lakhs in the previous quarter. After accounting for taxes, the company’s net profit from continuing operations was Rs. 1,003.21 lakhs. Capital employed, which shows the value of assets used in operations, increased to Rs. 12,712.07 lakhs from Rs. 10,933.53 lakhs in the previous quarter.

Here's a simplified extract of the standalone financial results for Geekay Wires for the quarter ended 30th June 2024:

Geekay Wires Financial Performance

The table provides key financial details about Geekay Wires. The company's market capitalization is ₹622 Crores, which shows its total value in the stock market. The current stock price is ₹119. Over the past period, the stock has reached a high of ₹148 and a low of ₹55.5. The Price-to-Earnings Ratio (P/E) is 15.5, which helps evaluate if the stock is expensive or cheap compared to its earnings. The book value of each share is ₹23.3. 

Here's the information in table format:

Quarterly Results

For Geekay Wires, the data for December 2023, March 2024, and June 2024 shows a mix of performance. In December 2023, the company had sales of ₹106 crores and expenses of ₹96 crores, leading to an operating profit of ₹10 crores with a 9% margin. By March 2024, sales dropped to ₹99 crores, and expenses were ₹91 crores, reducing operating profit to ₹7 crores, with a margin of 7%. In June 2024, sales slightly decreased to ₹97 crores and expenses to ₹89 crores.  

Here's the transposed data for Dec 2023, Mar 2024, and Jun 2024:

(Figures in Rs. Crores)

About Geekay Wires 

Geekay Wires is a well-established company based in Hyderabad, India, and was founded in 1989. The company specializes in making high-quality wires and fasteners, including galvanized steel wires, collated nails, bulk nails, and stainless steel fasteners. They serve a wide range of industries such as power transmission, commercial construction, automotive, marine, mining, wind and solar energy, and agriculture. Geekay Wires is known for its commitment to quality, which is supported by its ISO 9001:2008 certification.

Geekay Wires has grown significantly over the years due to its dedication to maintaining high standards and embracing new technologies. Its manufacturing process is highly efficient, with all steps, from storing raw materials to shipping products, happening under one roof. This setup helps reduce delivery times and maintain strict quality control. 

Geekay Wires is a trusted supplier for many major organizations, including Power Grid Corporation of India and various state transmission and distribution companies across India. Additionally, they export their products to several countries worldwide, such as the USA, Canada, the UK, Australia, Saudi Arabia, and Germany. Their in-house quality lab ensures that each product meets rigorous standards through various tests.