Span Divergent Q1 Results Revenue Up 22.18% QoQ and 8.34% YoY

Span Divergent Q1 Results: The Span Divergent Q1 results table shows the company’s financial performance for the quarter ending in June 2024, comparing it with the previous quarter (March 2023) and the same quarter last year (June 2023). The total revenue increased by 22.18% from the last quarter and by 8.34% from a year ago, indicating that the company earned more money.

Span Divergent's total operating expenses, which include costs like selling, general, and administrative expenses, as well as depreciation and other operating costs, also went up by 20.62% compared to the last quarter and by 10.95% compared to last year. This means the company had to spend more money to run its business.

Despite the increase in expenses, the operating income improved significantly compared to the last quarter, moving from a loss of ₹3.47 crore to a much smaller loss of ₹0.01 crore. This suggests the company is doing a better job of controlling costs, even though it’s still not profitable. Net income before taxes also showed a major improvement, moving from a loss of ₹3.64 crore to a small profit of ₹0.02 crore.

Span Divergent still reported a net loss of ₹0.01 crore, which is better than the ₹3.51 crore loss in the previous quarter. The Earnings Per Share (EPS) also stayed negative at ₹-0.01, but this is an improvement from the previous quarter’s ₹-2.85, showing that the company is moving in the right direction. Overall, while the company is still facing challenges, there are signs of improvement in its financial health.

Here is a summary of the Span Divergent Q1 Results in very simple English, based on the data you provided:

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Span Divergent Q1 Results 

Span Divergent financial results overview table provides a summary of the company's performance for the quarter that ended on June 30, 2024, compared to previous periods. In this quarter, the company's total income was ₹73.54 crores, which is significantly lower than the ₹143.34 crores reported in the previous quarter (ended March 31, 2024). Despite this decrease in income, the company managed to control its expenses, which totaled ₹42.10 crores, down from ₹62.18 crores in the previous quarter.

Span Divergent’s primary expenses included employee benefits, which cost ₹26.41 crores, and depreciation, which was ₹6.31 crores. After subtracting these expenses from the total income, the company achieved a profit of ₹23.08 crores after tax, which, although positive, was much lower than the ₹87.44 crores profit reported in the previous quarter.

Span Divergent’s earnings per share, which indicates the profitability available to each share of stock, also dropped to ₹0.42 per share, down from ₹1.60 per share in the last quarter. Overall, while the company remained profitable, the results show a decrease in both income and profit compared to the previous quarter. This might suggest challenges in the market or specific factors impacting the company's financial performance during this period.

Here's a simplified breakdown of the financial results based on the data you provided:

(in ₹ crores)

Span Divergent Stock Performance 

Span Divergent Market Cap shows the total value in the stock market, which is ₹10.9 crores. The Current Price of the stock is ₹20.0, with a High/Low range showing its highest at ₹36.3 and lowest at ₹10.2 over the past year. The Stock P/E ratio of 18.6 indicates how much investors are willing to pay for each rupee of earnings. 

Here is the information in table format:

Quarterly Results 

From December 2023 to June 2024, the Span Divergent’s financial performance showed some significant changes. Sales steadily increased from ₹3.01 crores in December 2023 to ₹3.71 crores in June 2024, indicating growth. However, expenses also rose, which affected the operating profit, slightly decreasing to ₹0.26 crores in June 2024. 

Here is the table with the particulars for Dec 2023, Mar 2024, and Jun 2024:

About Span Divergent 

Span Divergent, originally known as Span Diagnostics, started in 1972 as Desai Laboratory. Over the years, it grew into a respected public company, known for its innovative approach and strong ethical values. Span Diagnostics became well-known in the field of In-Vitro Diagnostics (IVD), not just in India but around the world, for producing high-quality products. In 2015, the company sold its IVD business to a large multinational corporation and rebranded itself as Span Divergent.

With this change, Span Divergent shifted its focus towards new opportunities. The company now aims to expand into different areas, such as food processing, agriculture, and healthcare. Span Divergent is committed to using its decades of experience to build successful ventures in these fields, continuing its legacy of innovation and excellence in new and exciting ways.