Rajnish Wellness Q4 FY24 results : profit at ₹0.28Cr, Revenue increased by 314.67% YoY
Rajnish Wellness declared their Q4 FY24 results on 19 Apr, 2024, showing a remarkable performance. The company's revenue saw a significant increase of 314.67% Year-on-Year, reaching ₹0.28Cr in profit.
In the same period last year, Rajnish Wellness had reported a loss of ₹0.76Cr, making this year's turnaround quite impressive. The revenue growth of 24.8% compared to the previous quarter also indicates a positive trend.
Furthermore, the company managed to reduce its Selling, general & administrative expenses by 4.99% quarter-on-quarter and 68.8% year-on-year, contributing to improved profitability. The operating income also saw a substantial increase of 80.5% quarter-on-quarter and 172.73% year-on-year.
The Earnings Per Share (EPS) for Q4 FY24 stood at ₹0, marking a 140.4% increase Year-on-Year. Despite recent negative returns in the market, Rajnish Wellness seems to have strengthened its financial position with a market cap of ₹551 Cr.
Read more on livemint.com
