Max India shares fall after company announced its Q1 financial results, revealing significant challenges as the company reported a sharp increase in losses and declining revenue.
As of 9:15 am the shares were trading 2.52% lower at ₹308.00 on NSE
Key Highlights:
- Revenue Drop: The company’s revenue decreased by 34.94% year-over-year (YoY) and by 41.25% compared to the previous quarter.
- Rising Losses: Max India’s net loss for the quarter surged by 120.88% YoY. Sequentially, the loss increased by 25.03%.
Financial Breakdown:
- SG&A Expenses:
- Decreased by 1.98% quarter-over-quarter (QoQ).
- Increased by 34.9% YoY, indicating growing cost pressures.
- Operating Income:
- Down by 37.79% QoQ.
- Fell by 114.04% YoY, reflecting operational difficulties.
Earnings Per Share (EPS):
- Q1 EPS: Stood at ₹-6.25, a decline of 120.26% YoY, highlighting the company’s struggle with profitability.
Max India is facing a tough operating environment, with significant financial challenges impacting its performance this quarter.
TOPICS:
Max India