Ambika Cotton Mills announced its Q1 results on August 9, 2024. The company reported a 5.79 per cent decline in revenue year-over-year (YoY), but managed to achieve a 3.76 per cent increase in profit YoY. Compared to the previous quarter, revenue rose by 1.6 per cent, while profit surged by 33.81 per cent.
Selling, General & Administrative (SG&A) expenses saw a slight increase of 1.17 per cent quarter-over-quarter (QoQ), but decreased by 4.26 per cent YoY, reflecting the company’s effective cost control measures. Operating income improved significantly, with a 21.61 per cent increase QoQ and a notable 53.1 per cent rise YoY, highlighting strong operational efficiency.
Earnings per Share (EPS) for the quarter stood at Rs. 37.61, up 3.78 per cent YoY. Despite a recent -3.76 per cent return over the last week, Ambika Cotton Mills has delivered a 15.03 per cent return over the past six months and a 13.92 per cent Year-To-Date (YTD). The company currently has a market capitalisation of Rs. 1120.61 crore, with a 52-week trading range from Rs. 1385.65 to Rs. 2197.65.
