International Combustion (India) Reports Q1 Loss Amid Revenue Decline
International Combustion (India) Limited reported a net loss of Rs 93.28 lakh for Q1, compared to a profit of Rs 177.44 lakh in the same quarter last year. Revenue from operations slightly increased to Rs 5,988.57 lakh. EPS dropped to -Rs 3.90 from Rs 7.42. Total expenses rose to Rs 6,124.83 lakh. The Mineral & Material Processing segment remained the primary revenue driver, contributing 62.26% of total revenue.
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International Combustion (India) Limited , a prominent player in the industrial equipment sector, has reported its financial results for the first quarter, revealing a challenging start to the year.
Financial Performance
The company reported a net loss of Rs 93.28 lakh for the quarter, a significant downturn compared to a profit of Rs 177.44 lakh in the corresponding quarter of the previous year. This represents a substantial decline in profitability for the company.
Revenue from operations saw a marginal increase, rising to Rs 5,988.57 lakh from Rs 5,952.62 lakh year-over-year, indicating a slight expansion in the company's business activities.
Key Financial Metrics
- Earnings Per Share (EPS): The company's EPS dropped to negative Rs 3.90 from positive Rs 7.42 in the previous year's quarter, reflecting the impact of the loss on shareholder value.
- Total Expenses: Expenses increased to Rs 6,124.83 lakh, with the cost of materials consumed being the largest component at Rs 3,126.24 lakh.
- Segment Performance:
- Mineral & Material Processing segment generated Rs 3,728.22 lakh in revenue
- Geared Motor & Gear Box contributed Rs 1,509.53 lakh
- Building Material segment added Rs 892.26 lakh
Segment-wise Analysis
| Segment | Revenue (Rs Lakh) | % of Total Revenue |
|---|---|---|
| Mineral & Material Processing | 3,728.22 | 62.26 |
| Geared Motor & Gear Box | 1,509.53 | 25.21 |
| Building Material | 892.26 | 14.90 |
The Mineral & Material Processing segment continues to be the primary revenue driver for the company, contributing over 62% of the total revenue.
Management Commentary
The company has not provided specific management commentary in the available data.
Looking Ahead
As International Combustion (India) Limited navigates through these challenging times, investors and stakeholders will be keenly watching for any strategic initiatives or operational improvements that the company may implement to return to profitability and drive growth in the coming quarters.
The company's ability to manage costs, improve operational efficiency, and capitalize on opportunities in its key segments will be crucial factors in determining its financial performance for the remainder of the fiscal year.
Historical Stock Returns for International Combustion
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.78% | +1.72% | +10.29% | -2.99% | -37.56% | +489.88% |
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