2024-10-17 11:14:51 :
Morarka Finance second quarter results live: Moarka Finance announced its second quarter results on October 15, 2024, revealing a significant turnaround in its financial performance. Although revenue increased significantly by 32.11% year-on-year, the company’s profits fell by 10.03%, causing concerns among investors.
Moarka Finance’s revenue grew an impressive 46.49% compared to the previous quarter. However, this was overshadowed by a massive 66.78% drop in profits, prompting analysts to dig deeper into the underlying factors affecting profitability.
The company’s selling, general and administrative expenses remained unchanged sequentially, but increased 14.6% from the previous year. Higher expenses may have been a factor in lower profits during the quarter.
Operating income also took a hit, falling 35.71% month-on-month but growing 33.05% year-on-year. The mixed results reflect the challenges Morarka Finance faces in balancing growth with operating efficiency.
Earnings per share (EPS) is $In the second quarter, it was 1.21, down 9.7% year-on-year. The drop in earnings per share could raise questions about the company’s ability to generate sustainable profits going forward.
Despite the challenges, Moarka Finance returned 5.63% last week, an impressive 15.41% over the past six months, and an impressive 19.52% year-to-date, showing that amid volatile margins, Investor sentiment remains resilient. .
Currently, Moraka Finance has a market capitalization of $Rs 72.64 Crore, 52-week high $191 and lowest $125.25. As the company navigates a volatile financial environment, stakeholders will be closely watching strategic moves to improve margins in the coming quarters.
Moraka Finance
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 1.19 | 0.81 | +46.49% | 0.9 | +32.11% |
| Total Selling/General/Administrative Expenses | 0.08 | 0.08 | -0% | 0.07 | +14.6% |
| Depreciation/Amortization | 0 | 0 | -0% | 0 | -0% |
| total operating expenses | 0.08 | -0.91 | +108.9% | 0.07 | +20.54% |
| operating income | 1.11 | 1.72 | -35.71% | 0.83 | +33.05% |
| net income before tax | 1.08 | 1.67 | -35.19% | 0.81 | +32.44% |
| net income | 0.54 | 1.64 | -66.78% | 0.61 | -10.03% |
| Diluted normalized earnings per share | 1.21 | 3.64 | -66.76% | 1.34 | -9.7% |
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