Connect with us

Business & Finance

Atam Valves Q4 FY24 Results: Annual profit drops by 18.64%

Published

on

Delta Corp Share Price Live blog for 22 Jan 2024

Atam Valves, a leading company in the valve manufacturing industry, recently declared their financial results for the fourth quarter of the fiscal year 2024 on April 15, 2024. The company experienced a 12.92% decrease in revenue and an 18.64% decrease in profit year-over-year. However, when compared to the previous quarter, Atam Valves saw a significant growth in revenue by 41.51% and profit by 171.85%.

In the financial breakdown, the selling, general, and administrative expenses of Atam Valves rose by 3.86% quarter-over-quarter and increased by 42.01% year-over-year. The operating income also showed a positive trend, with a 120.65% increase quarter-over-quarter but a slight decrease of 10.83% year-over-year. The earnings per share (EPS) for the fourth quarter of fiscal year 2024 stood at ₹2.34, marking a 16.73% decrease year-over-year.

Investors and stakeholders may be interested to note that Atam Valves delivered a -3% return in the last week, while showing an 8.57% return in the last six months. Year-to-date, the company reported a return of -9.27%. Currently, Atam Valves holds a market capitalization of ₹250.93 crore, with a 52-week high and low of ₹270 and ₹136 respectively.

These financial results provide valuable insights for investors and analysts tracking the performance of Atam Valves in the competitive valve manufacturing industry. Stay tuned for more updates on the company’s financial performance and market developments.

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Trending