Commercial Syn Bags Q1 Results Live : Commercial Syn Bags declared their Q1 results on 14 August, 2024. The company reported a year-over-year decrease in revenue by 3.25%, while the profit fell significantly by 23.95% YoY. Despite the yearly decline, revenue showed a quarter-over-quarter increase of 10.43%, although profit continued to drop by 39.82% compared to the previous quarter.
The company faced rising costs, as evidenced by the Selling, General & Administrative (SG&A) expenses, which rose by 0.34% quarter-over-quarter and surged by 19.23% year-over-year. This escalation in expenses has put additional pressure on the company’s profitability.
Operating income also took a hit, decreasing by 34.63% on a quarterly basis and falling by 2.02% on a year-over-year basis. This decline reflects the challenges the company is facing in maintaining its operational efficiency amidst rising costs.
Earnings per share (EPS) stood at ₹0.48 for Q1, marking a 25% decrease year-over-year. This drop in EPS is indicative of the overall decline in profitability that the company is experiencing.
As of now, Commercial Syn Bags has a market capitalization of ₹259.69 Cr. The company’s stock has seen a 52-week high of ₹111.8 and a low of ₹58, highlighting the volatility in its market performance over the past year.
Commercial Syn Bags Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 76.89 | 69.63 | +10.43% | 79.47 | -3.25% |
| Selling/ General/ Admin Expenses Total | 13.81 | 13.76 | +0.34% | 11.58 | +19.23% |
| Depreciation/ Amortization | 3 | 2.81 | +6.55% | 2.63 | +14.11% |
| Total Operating Expense | 73.01 | 63.7 | +14.62% | 75.52 | -3.31% |
| Operating Income | 3.87 | 5.93 | -34.63% | 3.95 | -2.02% |
| Net Income Before Taxes | 2.4 | 5.12 | -53.13% | 2.59 | -7.56% |
| Net Income | 1.93 | 3.22 | -39.82% | 2.54 | -23.95% |
| Diluted Normalized EPS | 0.48 | 0.81 | -40.74% | 0.64 | -25% |
