2024-10-25 10:08:57 :
The second quarter results of the Indian Transport Corporation are released in real time: The Indian Transport Corporation announced its second quarter results on October 24, 2024, showing strong financial performance, with revenue increasing by 12.81% year-on-year and profit soaring by 22.3% year-on-year.
Compared with the previous quarter, revenue increased by 7.24% and profit increased by 16.92%, highlighting the company’s continued improvement in financial health.
The company reported that selling, general and administrative expenses increased by 2.44% month-on-month and 10.74% year-on-year, indicating that the company has made strategic investments in operating capabilities.
Operating income increased significantly, with a month-on-month increase of 17.65% and a year-on-year increase of 26.98%, highlighting the company’s core business management efficiency.
Second quarter earnings per share (EPS) were $13.65, a year-on-year increase of 22.2%, further reflecting the improvement of the company’s profitability and shareholder value.
Despite the -3.74% share price decline last week, Indian Transport Corporation has performed commendably, returning 16.11% over the past six months and 25.55% year-to-date.
Currently, the market capitalization of Indian Transport Corporation is $7907.26 Crore, a new 52-week high $1238 lowest $757.65, showing a healthy trading range.
As of October 25, 2024, market analysts remain optimistic about the company’s prospects, with one analyst assigning a “hold” rating, three analysts supporting a “buy” rating, and three analysts recommending ” Strong Buy” rating, with a final unanimous recommendation of “Strong Buy”‘.
Transport Corporation of India Financial Status
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 1120.8 | 1045.1 | +7.24% | 993.5 | +12.81% |
| Total Selling/General/Administrative Expenses | 62.9 | 61.4 | +2.44% | 56.8 | +10.74% |
| Depreciation/Amortization | 29.1 | 29 | +0.34% | 31.1 | -6.43% |
| total operating expenses | 1032.8 | 970.3 | +6.44% | 924.2 | +11.75% |
| operating income | 88 | 74.8 | +17.65% | 69.3 | +26.98% |
| net income before tax | 118.2 | 102.6 | +15.2% | 97.4 | +21.36% |
| net income | 106.4 | 91 | +16.92% | 87 | +22.3% |
| Diluted normalized earnings per share | 13.65 | 11.67 | +16.97% | 11.17 | +22.2% |
Follow us On Social Media   Twitter/X
