Shree Ganesh Elastoplast Q1 Results Revenue of ₹870.85 lakhs and Net Profit of ₹113.04 lakhs

Shree Ganesh Elastoplast Q1 Results 2024 - 2025: Shree Ganesh Elastoplast announced their Q1 results for the fiscal year 2024-2025 on August 13, 2024. For the quarter ending June 30, 2024, the company reported a revenue of ₹870.85 lakhs, which represents an increase of 5.54% compared to the previous quarter’s revenue of ₹825.16 lakhs.

This growth shows a positive quarter-on-quarter (QoQ) performance. Additionally, the company achieved a profit before tax of ₹151.91 lakhs, a significant turnaround from the loss of ₹134.72 lakhs reported in Q4 of the previous fiscal year.

In terms of year-over-year (YoY) performance, Shree Ganesh Elastoplast's revenue for Q1 2024-2025 shows improvement compared to the same period last year. The net profit for this quarter stood at ₹113.04 lakhs, a strong recovery from a loss of ₹96.78 lakhs in Q1 of the previous year.

The QoQ results indicate effective management of expenses, with total expenses dropping from ₹961.53 lakhs in the last quarter to ₹719.30 lakhs in Q1. This successful financial quarter demonstrates the company’s resilience and strategic adjustments in its business operations.

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Shree Ganesh Elastoplast Q1 Results 2024 - 2025

Here is a summary of Shree Ganesh Elastoplast's Q1 results for the fiscal year 2024-2025:

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Shree Ganesh Elastoplast Current Market Overview

Shree Ganesh Elastoplast is currently trading at ₹33.4 per share on the Bombay Stock Exchange (BSE) under the code 530797. The company's market capitalization stands at ₹18.4 crore. The stock has seen a price range from a low of ₹10.9 to a high of ₹37.2.

With a price-to-earnings ratio of 8.17, the stock is considered relatively affordable based on its earnings. The company does not offer a dividend at this time, but it has strong financial metrics, with a return on capital employed (ROCE) of 38.6% and a return on equity (ROE) of 34.7%, indicating good profitability and efficient use of resources.

Quarterly Results

Here is a summary of Shree Ganesh Elastoplast's financial results for the recent quarters:

The table below highlights the company's performance for the quarters ending December 2023, March 2024, and June 2024. It includes key financial metrics such as sales, expenses, operating profit, and net profit.

About Shree Ganesh Elastoplast

Shree Ganesh Elastoplast is a company that began its operations in 1991 and was listed on the Bombay Stock Exchange in 1993. Initially focused on manufacturing, the company has since expanded into agri-trading.

With a vision to become a leading name in its business segment, Shree Ganesh Elastoplast aims to meet diverse market needs and achieve excellence in its field. Over the years, the company has diversified its operations and continues to strive for growth and innovation in its industry.

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