Facor Alloys has reported a profit of ₹6.25 crore for the first quarter of the fiscal year, marking a significant improvement from the ₹8.05 crore loss recorded in the same period last year. However, the company’s topline saw a sharp decline, with revenue decreasing by 100% compared to the previous quarter, indicating a difficult quarter.
Despite the revenue drop, the company’s Selling, General & Administrative (SG&A) expenses increased by 5.85% quarter-over-quarter but were down by 41.74% year-over-year. This suggests that Facor Alloys is managing its operating costs more effectively than in the same period last year.
On a positive note, the company’s operating income rose by 18.12% compared to the previous quarter and by 67.84% year-over-year, reflecting improved operational efficiency and profitability. The Earnings Per Share (EPS) for Q1 stands at ₹0.32, a significant increase of 301.73% compared to the same quarter last year, indicating better returns for shareholders.
However, the company’s stock performance has been challenging, with a -5.01% return in the last week, a -32.35% return over the last six months, and a -15.43% return year-to-date. These figures highlight the volatility Facor Alloys has faced in the stock market.
Currently, Facor Alloys has a market capitalization of ₹129.65 crore, with a 52-week high of ₹12.25 and a 52-week low of ₹6.5, reflecting fluctuating investor sentiment. Facor Alloys Limited is a prominent player in the Indian ferro alloys industry, specializing in the production of ferro alloys essential for the steelmaking process.
Established in 1961 and based in Hyderabad, the company is known for its expertise in manufacturing high-quality ferro chrome, which is used to enhance the properties of steel, such as its strength and resistance to corrosion. Facor Alloys operates with advanced technologies and has a significant presence in both domestic and international markets. The company is recognized for its commitment to operational excellence, sustainability, and meeting the evolving needs of the steel industry.
