2024-11-06 11:09:46 :
Muthoot Microfin Second Quarter Results Live: Muthoot Microfin reported its second quarter results on November 5, 2024, revealing the company’s complex financial situation. Although revenue increased by 18.27% year-on-year, profits fell sharply by 43.78%, highlighting the challenges faced by the current economic environment.
Muthoot Microfin’s revenue grew 4.5% compared to the previous quarter. However, profits fell sharply by 45.59%, causing analysts to worry about the company’s operating efficiency.
Selling, general and administrative expenses also led to a decrease in profitability, which increased by 3.07% month-on-month and 19.71% year-on-year. This increase in expenses may be a factor in the company’s decrease in operating income, which fell 15.48% month-on-month and 11.72% year-on-year.
Second quarter earnings per share (EPS) was $10.51, a year-on-year decrease of 13.2%. A drop in earnings per share could affect investor sentiment going forward.
Despite the challenges, Muthoot Microfin has delivered returns of 6.08% over the past week, although returns over the past six months and year-to-date have declined by 9.81% and 15.33% respectively, suggesting that the company is going through a turbulent period.
Muthoot Microfin currently has a market capitalization of $3,562.94 Crore, with 52-week high and low of Rs. $281 and $196.6 respectively. These numbers point to a volatile stock performance over the past year.
As of November 6, 2024, all analysts covering Muthoot Microfin have maintained a Strong Buy rating, indicating optimism about the company’s future despite its current struggles. The consensus recommendation remains a “Strong Buy,” reflecting confidence in the company’s long-term potential.
Muthoot Microfin Finance
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 666.58 | 637.88 | +4.5% | 563.62 | +18.27% |
| Total Selling/General/Administrative Expenses | 132.99 | 129.03 | +3.07% | 111.09 | +19.71% |
| Depreciation/Amortization | 10.53 | 10.18 | +3.48% | 8.53 | +23.48% |
| total operating expenses | 345.12 | 257.55 | +34% | 199.49 | +73.01% |
| operating income | 321.46 | 380.33 | -15.48% | 364.14 | -11.72% |
| net income before tax | 81.19 | 146.56 | -44.61% | 146.59 | -44.62% |
| net income | 61.61 | 113.22 | -45.59% | 109.57 | -43.78% |
| Diluted normalized earnings per share | 10.51 | 10.09 | +4.25% | 12.11 | -13.2% |
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