2024-11-14 12:29:27 :
Gujarat State Fertilizers and Chemicals Corporation Q2 Results 2024: The Gujarat State Fertilizers and Chemicals Corporation (GSFC) announced its second quarter results for FY2024 on November 12, 2024. The company reported profits of $298.22 crore, a year-on-year decrease of 3.46%. Revenue for the quarter was $26.3517 billion rupees, a significant year-on-year decrease of 15.5%.
Despite the year-on-year decline in results, GSFC showed resilience compared with the previous quarter. Revenue increased by 21.86%, and profits soared by 241.56%. This points to a positive trend in company performance quarter-over-quarter.
The company’s selling, general and administrative (SG&A) expenses also decreased, down 5.63% sequentially and 25.93% year-over-year, likely reflecting cost-cutting measures and improved operating efficiencies.
GSFC’s operating income increased significantly by 276.21% month-on-month and 23% year-on-year, demonstrating strong operating performance in a challenging market environment.
Second quarter earnings per share (EPS) reported as $7.49, a decrease of 3.35% from the same quarter last year.
GSFC stock has returned -5.91% over the past week, compared with -15.34% and -17.99% returns over the past six months and year-to-date. This performance may cause concern among investors.
Currently, GSFC has a market capitalization of $7888.66 Crores, a new 52-week high $322.25 and lowest price $179.2, indicating significant fluctuations in its share price.
Gujarat Fertilizers and Chemicals Financials
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 2635.17 | 2162.53 | +21.86% | 3118.72 | -15.5% |
| Total Selling/General/Administrative Expenses | 189.01 | 200.28 | -5.63% | 255.18 | -25.93% |
| Depreciation/Amortization | 47.92 | 47.25 | +1.42% | 45.7 | +4.86% |
| total operating expenses | 2399.51 | 2099.89 | +14.27% | 2927.13 | -18.03% |
| operating income | 235.66 | 62.64 | +276.21% | 191.59 | +23% |
| net income before tax | 387.14 | 112.6 | +243.82% | 386.98 | +0.04% |
| net income | 298.22 | 87.31 | +241.56% | 308.91 | -3.46% |
| Diluted normalized earnings per share | 7.49 | 2.19 | +242.01% | 7.75 | -3.35% |
Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.
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