Bharat Gears Q4 results: Bharat Gears unveiled its fourth-quarter results on May 29, 2024, disclosing a year-on-year decline in revenue by 4.86%. Alongside this downturn, the company reported a loss amounting to ₹1.75 crore.
During the corresponding period in the previous fiscal year, Bharat Gears had recorded a profit of ₹0.83 crore, underscoring a notable decline in performance.
Despite the challenging performance compared to the same quarter last year, there was a positive upturn in revenue, indicating a 19.6% increase from the last quarter.
Efforts to streamline operations were evident in the reduction of Selling, General & Administrative expenses by 1.24% quarter-on-quarter and 2.17% year-on-year.
Operationally, there was a significant surge in operating income, soaring by 133.75% quarter-on-quarter. However, this was juxtaposed with a marked decline of 64.51% year-on-year.
A noteworthy metric, the Earnings Per Share (EPS) for Q4, landed at ₹-1.13, demonstrating a substantial 307.95% decrease year-on-year.
Bharat Gears has been experiencing a lackluster performance in the market, evidenced by negative returns of -3.48% in the past week, -8.18% over the last six months, and -7.7% year-to-date.
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Presently, the company boasts a market capitalization of ₹163.84 crore, with its 52-week high/low values standing at ₹136.35 and ₹99.45, respectively. -Bharat Gears Q4 results
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